Investor's Corner
Tesla streamlines Model 3 customer delivery process with 5-minute “Sign & Drive”
As Tesla begins to go all-out in its push to deliver the Model 3 en masse to reservation holders, the company has rolled out a new “Sign & Drive” program that would enable owners to drive away with their new electric car in as little as five minutes.
The new delivery process was recently shared by Model 3 reservation holder and r/TeslaMotors subreddit member u/rastal3x. As could be seen in the communication from Tesla, the 5-minute Sign & Drive system advises owners to do advance reading on the Model 3’s features before the delivery date to familiarize themselves with the vehicle’s features and functions, drastically reducing the delivery and handover time for the vehicle. Here’s the text of Tesla’s announcement to Model 3 reservation holders, as shared by u/rastal3x. Following is a screenshot of Tesla’s update.
A screenshot of Tesla’s update to Model 3 reservation holders about the new 5-minute Sign & Drive system. [Credit: rastal3x/Reddit]
Tesla’s 5-minute Sign & Drive strategy seems to be one of the company’s most recent initiatives to expedite Model 3 deliveries to its long line of reservation holders. Prior to this system, Model 3 deliveries, such as those conducted in the Marina Del Rey delivery center, could, at times, take an hour or more to complete. Anecdotes from some owners who recently took delivery of their Model 3 also indicate that some delivery specialists’ knowledgeable about the vehicle leave much to be desired. With the new system, Tesla seems to be placing the responsibility of matter loading about the electric car on reservation holders’ hands, and considering the popularity of the vehicle, this could very well prove to be a strategic decision.
Tesla, after all, has a very dedicated fanbase, and many Model 3 reservation holders are already quite familiar with the company’s electric cars. Thus, there is a good chance that even reservation holders who have not owned any of Tesla’s previous vehicles are already familiar with the features and functions of the Model 3. Tesla’s 5-minute Sign & Drive delivery system still covers the most important aspects of the electric car, however, including charging and accessing the vehicle; hence, giving reservation holders something similar to a survival guide before they take the Model 3 home.
If any, Tesla’s has been providing all the information it can to Model 3 reservation holders over the past few months. Last April, Tesla released several useful how-to videos on the Model 3 in its official YouTube channel. To address the Model 3’s updated features, Tesla has also released an updated Owner’s Manual for the vehicle, which could be accessed here.
Tesla is attempting to hit profitability this third quarter, and much of the revenue the company will make will be coming from the Model 3. Tesla has already hit its target of manufacturing 5,000 Model 3 per week by the end of Q2 2018, and signs such as new batches of VIN registrations and forecasts from Bloomberg‘s online production tracker indicate that the electric car maker is set to continue its production pace in the coming weeks. Tesla has also stopped anti-selling the vehicle, offering test drives in the Model 3 Performance and rolling out the configurator email to all reservation holders.
Below is a playlist of Tesla’s video walkthrough series for the Model 3.
Elon Musk
SpaceX Starship Flight 13 aborted at Zero and Musk just told us what broke
Four Raptor engines failed to ignite at T-zero, forcing SpaceX to scrub Starship Flight 13 Thursday.
SpaceX scrubbed the Starship Flight 13 launch attempt Thursday evening at the last possible moment, after four of the Super Heavy booster’s 33 Raptor 3 engines failed to ignite during the startup sequence. The 90-minute window had opened at 6:45 p.m. EDT from Starbase in Boca Chica, Texas, and the countdown had proceeded without issue all day, with more than 11.5 million pounds of liquid methane and liquid oxygen being fully loaded into the rocket before the automated abort triggered. SpaceX’s launch directors posted on X, “Standing down from today’s flight test attempt,” and shut down the livestream shortly after.
Musk confirmed the root cause within hours. “Some of the engines didn’t start, triggering an automatic launch abort,” he wrote on X. “To be confident of a good flight, 2 Raptors will be removed and replaced. Most probable launch timing is early next week.” SpaceX engineers began draining propellant tanks immediately and Booster 20 was rolled back to its hangar for inspection.
The timing adds a layer of significance that did not exist during any of the previous 12 Starship flights. This is the first time SpaceX has attempted to launch Starship since the company made its stock market debut in June, listing under ticker SPCX at $135 per share. Public investors are now watching every Starship outcome in real time, and a last-second abort carries more visibility than it would have six months ago.
Flight 13 was designed to be one of the most consequential tests in the program’s history. It was set to carry 20 Starlink V3 satellites, the first operational payload Starship has ever attempted to deploy. Six of those satellites carried external cameras to photograph Starship’s heat shield from the outside during flight, which would act as a self-inspection approach SpaceX has never attempted before. The mission also needed to complete a Raptor engine relight in space, a step SpaceX skipped on Flight 12 in May after losing an engine during ascent. That Flight 12 booster also flipped 90 degrees off course during its boostback burn when five engines failed to reignite.
SpaceX has not announced an official next launch date. Musk’s “early next week” window points to July 21 or 22 at the earliest, pending the engine swap and a return to the pad.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
Tesla enters two new markets on two different continents in one week
SpaceX announces new Starship 13 test flight target date
