Volvo has unveiled its next electric vehicle offering, a full-sized 7-seater SUV, the Volvo EX90.
Volvo had three clear focuses with their newest electric vehicle; internal capacity, safety, and sustainability. The Volvo EX90 seats 7, uses a suite of new safety features, and employs a laundry list of recycled materials throughout the vehicle. With success on these fronts and in a market with low competition (7-seater electric vehicles), Volvo might have created an enticing offering at just the right time.
Volvo has tricked out the new EX90 with all the performance that has become expected in large luxury SUVs. With a dual motor all-wheel-drive system supplying 496 horsepower and 671 pound-feet of torque, the Volvo EX90 gets out of its own way. On top of that, the massive full-sized SUV will still travel 300 miles on a single charge via an enormous 111kWh battery. However, with that colossal battery, the SUV lags behind competitors such as Hyundai/Kia and Tesla in terms of charging, taking 30 minutes to charge from 10-80%.
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- Credit: Volvo Cars
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- Credit: Volvo
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- Credit: Volvo
Photo Credit: Volvo Cars
The Swedish brand has maintained its elegant yet conservative Scandinavian design language with the EX90. In fact, besides its smoother exterior body panels, funny door handles, and smoothed-over front grill, the Volvo EX90 shares a lot of design elements with its gas counterpart, the XC90.
Moving to the interior is another story. Volvo has radically redesigned its interiors, beginning with user controls. Most interior controls have been centralized in the portrait center screen. Simultaneously, the rest of the interior panels have acquired a more muted design language overall.
Photo Credit: Volvo Cars
While the Tesla-esque center display system may win some consumers, it is unclear how usable the U/I is. Hopefully, a positive indication is that the brand has worked with Google on the car’s software, perhaps indicating a U/I experience similar to android auto. However, there will undoubtedly be detractors of the all-digital experience, lacking physical controls that some believe are superior.
The tech upgrades aren’t limited to U/I changes; Volvo proudly states that the “EX90 is the first Volvo that’s hardware-ready for unsupervised driving in the future.” This is possible through cameras, radar units, and lidar placed around the vehicle. However, at the time of launch, it is unclear what level of autonomous driving the SUV will come with at launch.
While each of these features is undoubtedly incentive enough for those looking to buy a luxury 7-seater EV, perhaps the price is the most interesting part of Volvo’s equation. Volvo is offering a “well-optioned” EX90 for under $80,000, placing the vehicle below the Tesla Model X and Mercedes EQS SUV in price but above the Cadillac Lyriq.
Volvo will likely benefit from its early entrance as the electric full-size SUV market continues to heat up. But it will need to continue software improvements if they hope to stay ahead of the competition and attempt to catch up with Tesla.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Credit: TESLA
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
- Revenues – $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow – $1.444 billion
- Profit – $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
