Connect with us

News

Video of Tesla Model 3 Release Candidate revealed by Elon Musk

Published

on

Elon Musk took to Twitter this morning to shed more details on the upcoming Model 3, expected to hit production in July. Musk stated, “Model 3 is just a smaller, more affordable version of Model S w less range & power & fewer features. Model S has more advanced technology.” While this isn’t exactly new information, some have been led to believe that Model 3 is Tesla’s next-generation vehicle. In fact, the Model 3 is the first vehicle on Tesla’s next-generation platform for smaller vehicles. The Model S will still be the flagship of Tesla and Musk plans to keep his Model S.

“The Model S produced today is arguably version 4. Let me put it this way: it is the car I will keep driving even after Model 3 arrives.” – Elon Musk

Musk also made it clear that the Model 3 is representative of an E, but because of trademark issues with Ford’s E-Series, he switched it to the Model 3. The video of the first Model 3 release candidate shows the cars performance and sleek design in motion. The release candidate is a vehicle that is very close to the production version as the company prepares for the production ramp-up.

Model 3 Release Candidate on the road testing

Advertisement
-->

Sticking with one display in Model 3

During Musk’s rapid fire tweetstorm, he also revealed that the Model 3 still has one dashboard display in hopes that the vehicles will be fully autonomous very soon. We have previously reported that Tesla could be interested in integrating a head-up display in the Model 3 to help aid in the transition to fully autonomous vehicles is certainly something that some drivers

Having one display instead of two is certainly something that some drivers may not like at first, but Musk plans to enable full self-driving in the Model 3, where a center dash screen is unnecessary. By simplifying this display design, Tesla can save money and deliver the vehicle on time, just 4 months from now.

Performance Model 3 “Probably a year from now”

Musk also stated all of the advantages the Model S has over the Model 3, “Only Model S will have the seven seater option, more cargo space, plus higher range, acceleration, two screens vs. one, auto extend handles …” He also said that a “performance” Model 3 will most likely be available a year from now, not at launch.

Advertisement
-->

The base Model 3 is expected to have a range of 215 miles and a 0-60 secs in less than 6 seconds. It is unclear what battery upgrade options will be available at launch, which is expected to offer more range and faster acceleration. Musk also announced that the Model 3 will be launched with RWD only, you can read more about that here.

Musk also stated during his tweetstorm that he was on his way to Cape Canaveral, which is why he is blowing up everyone’s Twitter accounts.

Christian Prenzler is currently the VP of Business Development at Teslarati, leading strategic partnerships, content development, email newsletters, and subscription programs. Additionally, Christian thoroughly enjoys investigating pivotal moments in the emerging mobility sector and sharing these stories with Teslarati's readers. He has been closely following and writing on Tesla and disruptive technology for over seven years. You can contact Christian here: christian@teslarati.com

Advertisement
Comments

News

New EV tax credit rule could impact many EV buyers

We confirmed with a Tesla Sales Advisor that any current orders that have the $7,500 tax credit applied to them must be completed by December 31, meaning delivery must take place by that date. However, it is unclear at this point whether someone could still claim the credit when filing their tax returns for 2025 as long as the order reflects an order date before September 30.

Published

on

tesla showroom
Credit: Tesla

Tesla owners could be impacted by a new EV tax credit rule, which seems to be a new hoop to jump through for those who benefited from the “extension,” which allowed orderers to take delivery after the loss of the $7,500 discount.

After the Trump Administration initiated the phase-out of the $7,500 EV tax credit, many were happy to see the rules had been changed slightly, as deliveries could occur after the September 30 cutoff as long as orders were placed before the end of that month.

However, there appears to be a new threshold that EV buyers will have to go through, and it will impact their ability to get the credit, at least at the Point of Sale, for now.

Delivery must be completed by the end of the year, and buyers must take possession of the car by December 31, 2025, or they will lose the tax credit. The U.S. government will be closing the tax credit portal, which allows people to claim the credit at the Point of Sale.

We confirmed with a Tesla Sales Advisor that any current orders that have the $7,500 tax credit applied to them must be completed by December 31, meaning delivery must take place by that date.

However, it is unclear at this point whether someone could still claim the credit when filing their tax returns for 2025 as long as the order reflects an order date before September 30.

Advertisement
-->

If not, the order can still go through, but the buyer will not be able to claim the tax credit, meaning they will pay full price for the vehicle.

This puts some buyers in a strange limbo, especially if they placed an order for the Model Y Performance. Some deliveries have already taken place, and some are scheduled before the end of the month, but many others are not expecting deliveries until January.

Continue Reading

Elon Musk

Elon Musk takes latest barb at Bill Gates over Tesla short position

Bill Gates placed a massive short bet against Tesla of ~1% of our total shares, which might have cost him over $10B by now

Published

on

Elon Musk took his latest barb at former Microsoft CEO Bill Gates over his short position against the company, which the two have had some tensions over for a number of years.

Gates admitted to Musk several years ago through a text message that he still held a short position against his sustainable car and energy company. Ironically, Gates had contacted Musk to explore philanthropic opportunities.

Elon Musk explains Bill Gates beef: He ‘placed a massive bet on Tesla dying’

Musk said he could not take the request seriously, especially as Gates was hoping to make money on the downfall of the one company taking EVs seriously.

The Tesla frontman has continued to take shots at Gates over the years from time to time, but the latest comment came as Musk’s net worth swelled to over $600 billion. He became the first person ever to reach that threshold earlier this week, when Tesla shares increased due to Robotaxi testing without any occupants.

Advertisement
-->

Musk refreshed everyone’s memory with the recent post, stating that if Gates still has his short position against Tesla, he would have lost over $10 billion by now:

Just a month ago, in mid-November, Musk issued his final warning to Gates over the short position, speculating whether the former Microsoft frontman had still held the bet against Tesla.

“If Gates hasn’t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon,” Musk said. This came in response to The Gates Foundation dumping 65 percent of its Microsoft position.

Advertisement
-->

Tesla CEO Elon Musk sends final warning to Bill Gates over short position

Musk’s involvement in the U.S. government also drew criticism from Gates, as he said that the reductions proposed by DOGE against U.S.A.I.D. were “stunning” and could cause “millions of additional deaths of kids.”

“Gates is a huge liar,” Musk responded.

It is not known whether Gates still holds his Tesla short position.

Advertisement
-->
Continue Reading

Cybertruck

Tesla Cybertruck gets small change that makes a big difference

Published

on

Credit: diagnosticdennis/Instagram and @smile__no via Tesla Owners of Santa Clarita Valley/X

Tesla made a change to the Cybertruck, and nobody noticed. But to be fair, nobody could have, but it was revealed by the program’s lead engineer that it was aimed toward simplifying manufacturing through a minor change in casting.

After the Cybertruck was given a Top Safety Pick+ award by the Insurance Institute for Highway Safety (IIHS), for its reputation as the safest pickup on the market, some wondered what had changed about the vehicle.

Tesla Cybertruck earns IIHS Top Safety Pick+ award

Tesla makes changes to its vehicles routinely through Over-the-Air software updates, but aesthetic changes are relatively rare. Vehicles go through refreshes every few years, as the Model 3 and Model Y did earlier this year. However, the Cybertruck is one of the vehicles that has not changed much since its launch in late 2023, but it has gone through some minor changes.

Most recently, Wes Morrill, the Cybertruck program’s Lead Engineer, stated that the company had made a minor change to the casting of the all-electric pickup for manufacturing purposes. This change took place in April:

Advertisement
-->

The change is among the most subtle that can be made, but it makes a massive difference in manufacturing efficiency, build quality, and scalability.

Morrill revealed Tesla’s internal testing showed no difference in crash testing results performed by the IIHS.

The 2025 Cybertruck received stellar ratings in each of the required testing scenarios and categories. The Top Safety Pick+ award is only given if it excels in rigorous crash tests. This requires ‘Good’ ratings in updated small and moderate overlap front, side, roof, and head restraints.

Advertisement
-->

Additionally, it must have advanced front crash prevention in both day and night. Most importantly, the vehicle must have a ‘Good’ or ‘Acceptable’ headlights standard on all trims, with the “+ ” specifically demanding the toughest new updated moderate overlap test that checks rear-seat passenger protection alongside driver safety.

Continue Reading