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Archive for the ‘Tesla Model 3’ Category

PostHeaderIcon Tesla Model 3 Production Funded as Investors Beg Elon Musk to Take Their Money

The car business is an expensive one, and moving things in the right condition can be quite costly. As such, Tesla was in a bit of a bind when it came to funding Model 3 production – something that could have thrown a monkey wrench into Elon’s whole plan to ramp up production to 500,000 units by the end of 2018. But, when it comes to money, people quite literally trip over their own feet in a rush to fund the pockets of one of the world’s elite and most interesting businessmen. So intensely, as a matter of fact, that it took him just four hours last week to raise nearly $600,000 of the $1.5 billion he was seeking. It’s only been a week since WonderBoy sold more than a half-million worth of Junk bonds to investors, and now we’re seeing word that Tesla’s fearless leader has managed to hit his goal, and even surpass it, securing a total of $1.8 billion in “eight-year unsecured bonds at a rate of 5.30 percent.”

So, at this point, everything looks to be moving full steam ahead for Tesla, thanks to its huge influx of cash. One has to commend Musk for being able to raise so much so quickly. But, it’s not without its risk. If things happen to go south, investors could take a huge blow. That’s the thing about buying up debt – it offers high yields in the long run, but it’s also possible to lose your ass too if things don’t work out as they should. Of course, this also means one thing – Tesla’s Model 3 production may not be plagued by delays and setbacks. But, it’s still possible. Keep reading to find out why.

PostHeaderIcon Tesla Model 3 Battery Specs, Cost per Battery, and Profitability Projections

Not even a week ago, I brought you the news about a leaked EPA document that give us some figures for the long-range Tesla Model 3 – with the most important figures being the 3,937-pound curb weight and a meager 258 horsepower. These figures allowed us to determine that the long-range model likely had an 80-kWh battery. I later speculated that the standard model would use somewhere between a 50- or 60-kWh battery. Well, in a call with Goldman Sachs for the bondholders that bit onto Musk’s money-raising bait it was confirmed by the big (or little?) guy himself that the standard model gets a battery that is “just over 50 kWh” while the long-range version comes with a 75 kWh battery – turns out that my math and speculation was pretty spot on. Bully for me.

But, that’s not even the most important part – what’s important is that Elon Musk is expecting to see a 25-percent gross margin on each Model 3 Tesla sells. That’s a huge figure when we’re talking about a $35,000 car, but the pivotal deciding factor is the price of each battery that goes into this little EVs. During his call with Goldman Sachs, Musk refused to disclose the cost of each battery but claims that it is cheaper than the competition, and at one point it was said to be less than $190 per kWH. So, how does Musk plan to make so much money of the Model 3? Well, he seems to believe that battery cost could be below $100 per kWh by the end of the decade and even lower in the years to follow. What do these batteries really cost? We can’t say for sure yet, but we have an idea, so let’s do some math.

PostHeaderIcon EPA Documents Show that the Tesla Model 3 is not a Powerful Vehicle

The Model 3 has finally entered production and the first 30 orders we fulfilled at a special handover event in Australia just a little over a week ago. During the handover event, we learned some new things about the Model 3 and Tesla as a whole. Production of the Model 3 is set to ramp up significantly over the next year, but what was more important were the specs that we received. The Model 3 starts out at $35,000 and offers up a Tesla-estimated range of 220 miles. It can hit 60 mph in 5.6 seconds and tops out at 130 mph. If you opt for the long-range model, you’ll get 310 miles along with the ability to hit 60 mph in 5.1 seconds on the way to a top speed of 140 mph. And, those specs sound great and all, but our man Elon doesn’t exactly like to disclose all information up front, which means we were left with at least a few questions. We had no idea about system power output or even how much the car weighs. And, while we still haven’t gotten word from WonderBoy Musk or Tesla, the EPA has gotten its hands on an example of the Model 3 and issued a report that gives us some fresh info.

There’s really not much, but the EPA did test the long-range model, so we’re talking about a cost of at least $44,000. Reading the EPA report kind of feels like reading a different language at times, but if you dig through the report, more specifically on page four, you’ll find that the long-range model offers up just 258 horsepower. That means that the standard model probably offers a bit less. So, how is it still able to hit 60 mph so quickly? Well, you can credit the 3,837-pound curb weight. That, and the fact that the electric motor is a direct drive unit and it can deliver near-instantaneous torque. It may be able to beat out a lot of cars rated at the same output, but this baby won’t be beating any sports cars anytime soon. To put this into perspective a bit, the Model S tips the scale at 4,647 pounds, so the Model 3 is upward of 1,000-pounds lighter. We still don’t know for sure what size battery the Model 3 is toting around, but if you do the math, it should come out to be about an 80-kWh battery pack. That means the standard-range model likely makes use of a 50 or 60-kWh battery. And, for those of you who want to call out that the Model 3 should only support a 75-kWh battery, that figure was usable capacity, not maximum capacity, so be nice in the comments section. 😉

With all of this being said, we’ve obtained a PDF version of the EPA report that you can review for yourself. It has been embedded below. Is there anything important you can spot that we might have missed? Let us know in the comments section.

PostHeaderIcon Did Elon Musk Trick Us into Believing the Tesla Model 3 is Affordable?

Ever since Elon Musk told the world about his intentions of making the Model 3, he has marketed it and boasted it as an affordable mass-market vehicle, even claiming that it would be a car just about anyone could get into. It was a long time coming, but on July 28th, the first Model 3s were delivered in a big handover party in Australia. Tesla’s main homepage also live streamed the festivities. As part of that handover party, we finally got the long-awaited word on specifications as well as official pricing. Now, at a glance, the Model 3 does look pretty affordable – it’s an EV sedan that in base form will cost you $35,000 and offer a range of 220 miles. That’s not bad, and it’s on par with cars like the Nissan Leaf and pretty close to the Chevy Bolt EV. No big deal, right? Well, there is, because the Nissan Leaf and Chevy Bolt EV both have more amenities inside without such a bland look, and the options for the Model 3 could make it quite the expensive little car.

So, let’s talk about that a little more. At $35,000 you get the most basic vehicle ever to be labeled as an entry-level model.
This thing has no instrument cluster, no head-up display, and no real character inside. Of course, that 15-inch display provides all of the information you might need and controls all major functions of the interior, but it’s basic. The cabin is only attractive because it’s different, and to be honest, it even looks a little cheap. But hey; it’s a cheap EV, so that’s to be expected. You’re not going to get wood trim, a personal chauffeur, and a gorgeous blonde to go along with the car with a price tag like that. If you’re buying a $120,000 Porsche, then maybe you should negotiate for some extras. The question is, how many people will really settle for the base model? Would you really want to, knowing you only get 220 miles of range? I mean, let’s get real, it doesn’t even come with Tesla’s biggest selling point: Enhanced AutoPilot.
So, is it affordable? Well, keep reading to see for yourself.

PostHeaderIcon Tesla Model 3 Has Easter Eggs Galore

Elon Musk may not be the most personable guy in the world, but the man still knows how to have some fun along the way to becoming one of the most influential minds of this generation. Tesla owners will likely attest to this as they’re front and center on all the Easter eggs that Musk and his people at the company have released over the years. The recent launch of the Model 3 brought the conversation of these Easter eggs back to the forefront, and while they don’t really move the needle in terms of making Teslas more attractive in the consumer’s eye, they’re still fun little quirks that add to the appeal of these electric cars.

Over the years, we’ve seen plenty of different Easter eggs from Tesla, some cooler and more fun than others. The Model 3 appears to be no different now that we’re seeing the bag of eggs it has at its disposal. One particularly cool Easter egg, albeit a useless one in the grand scheme of things, is the ability of the navigation system to show a map of Mars and turn the Model 3 on the screen into the Mars Curiosity rover. This particular easter egg can be accessed by pressing and holding the “About Your Tesla” section of the infotainment screen until a second screen pops up. It’s worth mentioning that this second screen actually has a menu of Easter eggs to choose from, including the familiar “Rainbow Road” and a new one called “More Cowbell.” Yes, that cowbell. Apparently, Elon Musk has a fever… and the only prescription is MORE COWBELL! Oh, there’s also a sketchpad for drawing and writing notes, you know, while driving.

Continue after the jump to read the full story.

PostHeaderIcon Tesla Model 3 Has Easter Eggs Galore

Elon Musk may not be the most personable guy in the world, but the man still knows how to have some fun along the way to becoming one of the most influential minds of this generation. Tesla owners will likely attest to this as they’re front and center on all the Easter eggs that Musk and his people at the company have released over the years. The recent launch of the Model 3 brought the conversation of these Easter eggs back to the forefront, and while they don’t really move the needle in terms of making Teslas more attractive in the consumer’s eye, they’re still fun little quirks that add to the appeal of these electric cars.

Over the years, we’ve seen plenty of different Easter eggs from Tesla, some cooler and more fun than others. The Model 3 appears to be no different now that we’re seeing the bag of eggs it has at its disposal. One particularly cool Easter egg, albeit a useless one in the grand scheme of things, is the ability of the navigation system to show a map of Mars and turn the Model 3 on the screen into the Mars Curiosity rover. This particular easter egg can be accessed by pressing and holding the “About Your Tesla” section of the infotainment screen until a second screen pops up. It’s worth mentioning that this second screen actually has a menu of Easter eggs to choose from, including the familiar “Rainbow Road” and a new one called “More Cowbell.” Yes, that cowbell. Apparently, Elon Musk has a fever… and the only prescription is MORE COWBELL! Oh, there’s also a sketchpad for drawing and writing notes, you know, while driving.

Continue after the jump to read the full story.

PostHeaderIcon The Tesla Model 3 Is Designed For Fully Autonomous Operation, So Where Are The Robo Chauffeurs?

Tesla is finally rolling out the Model 3, kicking off production with a “handover” party wherein company CEO and star boy extraordinaire Elon Musk gave us the skinny on the new sedan’s specs. In addition to learning about important numbers like range per charge and 0-to-60 mph times (310 miles and 5.1 seconds respectively for the top-trim Long Range model), Musk let slip this little nugget regarding Tesla’s self-driving aspirations: “Every Tesla being produced right now – the Model 3, the Model S, the Model X – has all the hardware necessary for full autonomy.” That means visual cameras, radar, ultrasonic sensors, and a whole lot of computing power as well. However, the Model 3 still requires a human pilot in the driver’s seat, so what gives?

The answer can be found buried deep in the Model 3 press release, following a $3,000 price tag for the Full Self-Driving Capability package: “This feature is dependent upon extensive software validation and regulatory approval, which may vary by jurisdiction.” Read on for a translation of what that really means, and a prediction of when your car will ferry you around sans inputs.

Continue reading for the full story.

PostHeaderIcon Elon Musk Takes a Stab at Volvo During Tesla Model 3 Handover Party

The Model 3 handover party kicked off last Friday, late in the evening, making it a very late night for those of us on the East Coast. Be that as it may, I sucked it up and watched anyway. Now, I was really hoping for some special surprise to be presented – maybe an early concept of the Model Y or even the successor to the Tesla Roadster – but that, unfortunately, didn’t happen. The show wasn’t a complete bust, though, as not only did we finally get the specs we’ve been itching for, but we got to see Elon himself troll Volvo in a way that only he could pull off. In what has to be a pretty big blow to Volvo, considering the Model 3 quite literally kicked the Volvo S60’s ass in a 20-mph side-impact crash test. For those of you who don’t know, the S60 is regarded as one of the world’s safest cars and does have a five-star safety rating in all categories from the NHTSA. With that said, it’s mind boggling how much better the Model 3 was able to absorb such an impact.

When talking about the Model 3’s safety, Elon just couldn’t resist trolling Volvo just a little bit, saying “Something like the Volvo [S60,] great car – by normal standards very safe… the Volvo is arguably the second safest car in the world.” That line by itself isn’t exactly all that funny, but if you watched the live stream or hit play on the video below, you see that the context in which it was said was quite hilarious. And, you can’t blame him, the S60 is an amazingly safe car, so it’s pretty wild to see the Model 3 perform so much better in a side impact test. After all, Tesla isn’t exactly the world’s largest auto manufacturer. And, I have to hand it to Volvo, it has remained quite classy and has yet to fire back. Then again, you can’t really argue with results either. What would be nice, however, is to see Tesla team up with Volvo and other manufacturers to help improve the safety of all cars, on a global scale – now that would be something.

PostHeaderIcon Tesla Model 3

Say what you will about Tesla – the company’s ambition is undeniable. Founded in 2003, the California-based electric carmaker set out with the goal of overturning the auto industry status quo and hastening “the world’s transition to sustainable energy.” To that end, Tesla’s latest play (and arguably its more important) is called the Model 3. Framed as a more affordable alternative to the highly successful Model S full-size sedan and Model X SUV, there’s no shortage of excitement behind the more compact 3, and now, after countless rumors and practically unending speculation, the veil has been lifted. Following a massive live streaming event celebrating the handover of the first Model 3’s off the production line, it was revealed that buyers get two trim levels to pick from, with as much as 310 miles per charge and a 0-to-60 mph time of 5.1 seconds for the range-topper.

But, as you might expect, there’s a whole lotta footnotes that go along with the above-mentioned specs. For starters, actually getting a Model 3 into your driveway is no simple endeavor. Following a brief pre-production reveal in April of 2016, an estimated 400,000 people plunked down $1,000 for a pre-order, and that means if you don’t have a spot in line, it’s gonna be a while. Then there’s the list of ultra-pricey extras that add significant weight to the bottom line. Simply put, the question remains – does the Model 3 live up to the hype? Read on to find out.

Updated 08/23/2017: We added a series of new images taken during the 2017 Monterey Car Week.

Continue reading to learn more about the Tesla Model 3.

PostHeaderIcon 2018 Tesla Model 3 – Details and Specs

tesla model3 specs

So finally after months of anticipation Elon Musk gave the world a detailed tour of his brand-new, affordable (sort of) electric sedan, the 2018 Tesla Model 3. Starting at around $35,000, the Model 3 is considerably cheaper than the Model S, but it’s also that much less desirable. 

I mean, even a Prius looks more exciting next to the Tesla Model 3, and don’t even get us started on the interior, which consists of five seats, a large wheel, and a massive screen. We’re bored just looking at it. But hey, that’s a small price to pay to get more people into electric cars, reduce the use fossil fuel, and lower the carbon output that’s, allegedly, ruining the planet. This is where the Model 3 starts to make sense.

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In terms of driving and dynamics and all that stuff Tesla Model 3 is a class act. Depending on the battery pack you go for you get 210 to 330 miles of range on a single charge, and a 0-60 mph acceleration time of 5.1 or 5.6 seconds, all of which is great. As for the equipment and features, the standard 35 grand car is a bit spartan, featuring only a 15? touchscreen with onboard maps & navigation, Wi-Fi and LTE internet connectivity, Keyless entry and remote climate control with app, Voice activated control, 60/40 split folding rear seats, Dual zone climate control system, FM/Internet streaming radio, Textile seating and Center console with open storage and two USB ports.

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Premium features such as Premium heated seating and cabin materials throughout, including open pore wood décor and two rear USBs,12-way, power adjustable front seats, steering column and side mirrors, with custom driver profiles, Premium audio system with more power, tweeters, surround speakers and subwoofer, Tinted glass roof with ultraviolet and infrared protection, Auto dimming, power folding, heated side mirrors, LED fog lamps, and Center console with covered storage and docking for two smartphones are available at extra cost.

The post 2018 Tesla Model 3 – Details and Specs appeared first on Motorward.

PostHeaderIcon First Tesla Model 3’s Handed Over In Live Streaming Party

We’ve been waiting and waiting for Tesla to finally begin deliveries of the new Model 3, and now, the wait is over. The first 30 Model 3’s destined for private owners just got handed over to their beaming owners in a live stream broadcast on Tesla’s website. Attending the event were swarms of the automaker’s designers and engineers, with quick back and forth tosses that provided a look inside the Tesla assembly line in Fremont, CA, as well as the newly erected “Gigafactory” in Nevada. The event also provided some hard specs on the new 3, plus a look at the final exterior design and the interior.

The Model 3 is a hugely important vehicle, both for Tesla and EV fans in general. Framed as the California-based automaker’s first entry-level, mass-market, affordable vehicle, the 3 promises sexy styling, long range, peppy performance, and zero local emissions, all for around $35,000 before incentives. We’ve got the lowdown on everything that was revealed during the stream, plus lots of new pics to sort through, so read on.

Continue reading for the full story.

PostHeaderIcon Tesla Model 3 Handover Party Kicks Off at 8:45 PM PST Tonight!

The Tesla Model 3 is hands-down the most anticipated model of the year, promising to bring an affordable EV to the masses. It’s been a long time coming, but today is the day that the handover party kicks off and Tesla will hand over the keys to the first 30 models to roll off of the line. It’s obviously a very small first step, considering the hundreds of thousands of reservations, but it’s only a matter of time before Tesla really ramps up production. The party kicks off at 8:45 PM PST tonight and will be live streamed right on Tesla’s homepage.

The Model 3, which will finally be completely revealed later tonight, is basically a smaller, more basic version of the Model S, and has a set starting price of $35,000. As far as the exterior goes, it’s rather bland, just like the interior which is about as spartan as they come. It will be void of an instrument cluster, speedometer, or a conventional dashboard. Initial customers of the new baby EV will also be limited as far as options go, with the only choices to make being exterior color and wheel choice. As far as tonight’s event goes, there’s no word as to who the first 30 customers are, but we know the first model is going Elon Musk himself, as Tesla board member Ira Ehrenpreis gifted his place in the queue to the big guy. As far as the other 29 models, they will go to Tesla employees or current owners of other Tesla EVs. We’ll be sure to embed the live steam to this video as soon as we have it, but until then, keep reading to learn a little more about the Model 3.

PostHeaderIcon Will the Tesla Model 3 Offer Up Any Surprises when the Production Version Debuts?

So, July 28th is fast approaching, and that means that the production version of the Tesla Model 3 is just about ready to make its debut at the official handover event. The first 30 production units are expected to be given to customers during the handover event, and that’s a pretty big deal considering the model with serial No. 001 is said to have rolled off the line as early as July 7th. Following the announcement that serial No. 1 was near completion, Elon Musk also sent out a few tweets claiming that production will ramp up quite quickly, with the month of August increasing to 100 cars, and September raising to bar to “above 1,500.” He later tweeted that Tesla will be able to pump out 20,000 example per month by the time December rolls around. Furthermore, 2019 should approach somewhere around a half million units annually. This is all good news for anyone who has made a reservation and is serious about buying a Model 3, especially when you consider that reservation numbers could have topped 500,000 already. But is there more that we haven’t seen yet?

With the official unveiling of the Model 3 taking place in March of last year, we already have a pretty good idea of what to expect. Plus, we’ve seen numerous release candidates and prototypes floating around in recent months, but word has it that there could be something else on the books for the unveiling. The question is what? Will there be some spectacular new hardware that we have yet to see or some advancement in the AutoPilot system? Will the Model 3 get something else that we’re just not expecting? It’s really hard to say, but the internet has been running wild with hopes and dreams despite the fact that initial models will be very bland, with customers only allowed to choose the exterior color and wheel options.

Keep reading to learn more about it and what to expect.

PostHeaderIcon Should Tesla Have to Pony Up for Driver Error?

It’s no secret that Tesla has been the target of plenty of lawsuits over the last year or two. In fact, it seems that just about anyone who crashes their Model S or Model X wants to blame Tesla. Musk was smart, however, and has equipped each of Tesla’s vehicles with a data recorder, which has proven invaluable in protecting the company from people that seem to forget how to drive. Usually, it’s someone saying autopilot screwed up, but there are others that claim their vehicle accelerated all on its own. This guy from California, however, really takes the cake. Last year, this cat (Son Ji-chang) drove his car through his garage and firmly lodged it right into his living room. He immediately pointed the finger at Tesla and initiated yet another lawsuit – one that’s attempting to evolve into class-action status. He even used his wealth to launch a media campaign to slander Tesla a bit. His claim?

“The vehicle spontaneously began to accelerate at full power, jerking forward and crashing through the interior wall of the garage, destroying several wooden support beams in the wall and a steel sewer pipe, among other things, and coming to rest in (his) living room.”

Well, the suit also names several other complaints that have been reported to the NHTSA, a good number of which point to driver error. In other words, the driver hit the accelerator, and the car did what it was supposed to do; Go. And, in this specific case, a third-party even reviewed the logs from one of these alleged rogue cars and determined the same thing, so it’s not necessarily just Tesla trying to flip things around. Well, the people behind the most recent suit have changed their approach, and instead of saying Tesla is responsible for this unintended acceleration, they say that Tesla is responsible for not preventing this unintended acceleration. Basically, they say the car should know that the driver accidentally hit the gas pedal and ignore that input…

Keep reading for the rest of the story


PostHeaderIcon Let's Hope That Tesla's Production Timetable For The Model 3 Doesn't Have "Delays" Written All Over It

The start of production of the Tesla Model 3 is all set to begin this July in a “limited” capacity, although according to InsideEVs, the first wave of models that roll off the production line are earmarked for Tesla’s employees and investors. While that allocation part isn’t entirely that big of a deal, the timetable for the car’s production is, especially if Tesla is serious about achieving its goals of producing 5,000 units per week by the fourth quarter of this year and 10,000 units per week sometime in 2018.

To its credit, Tesla has already started production trials for the car in anticipation of the massive volume it has to deal with once full-scale production commences. Tesla, after all, has more than 370,000 deposits to deal with, right?

For everyone’s sake then, let’s hope that the company’s production plans for the Model 3 are all ironed out. Tesla CEO Elon Musk is saying all the right things at the moment, even telling reporters recently that the ramp-up in the production of the Model 3 will happen slowly to give Tesla some form of breathing room to address potential bugs and issues.

That’s good to hear because history hasn’t been kind on Tesla’s production promises. Remember, both the Model S and Model X experienced massive production delays during their launch. The Model X, in particular, was delayed numerous times for a myriad of reasons, including issues with suppliers that ended with ugly lawsuits on both sides. Those delays pushed the launch of the Model X from its original launch timetable in the early part of 2014 all the way to the end of 2015. That’s almost two years, if you’re keeping score.

For the sake of the Model 3, which Tesla is promoting as the model that would signal the company’s entry into mainstream markets, delays of any sort would be devastating to the company. It’s not a premium model like the Model X that can be explained through automotive and legal jargons. This is a car that has almost 400,000 pre-orders attached to it, and you can be sure that a lot of those deposits will be canceled if Tesla suffers any delays in the production of the Model 3.

Let’s all hope that it doesn’t come to that then.

Continue reading for the full story.


PostHeaderIcon Tesla Begins Preparation Ahead Of Model 3 Production

Tesla has proven in the past that it’s capable of unorthodox measures to get certain work aspects done and apparently, it’s dipping into that well one more time after a Reuters report revealed that the electric car maker plans to shut down its production facility in California for a week beginning this month. The reason behind it? Prepare for production for the Model 3 sedan.

In some aspects, such a move isn’t that strange when you consider that other companies have done it in the past in one form or another. But Tesla is a different because it has little flexibility making “brief, planned” pauses in production for a period of time. But the automaker appears to have decided on the issue as it prepares to add capacity to its facility to accommodate the coming production of the Model 3.

A Tesla spokesman even confirmed to the news outlet about the plans, saying that “this will allow Tesla to begin Model 3 production later this year as planned and enable us to start the ramp towards 500,000 vehicles annually in 2018.”

Apparently, Tesla also plans to begin test-building the Model 3 later this month, which could be part of the reason why the facility is being shut down. The goal it seems is to gauge the capability of the production plant in Freemont, California to accommodate the massive spike in production volume that will inevitably happen once the Model 3 begins production. Remember, Tesla wasted little time shouting from the heavens last May that it had received more 370,000 refundable $1,000 deposits for the Model 3, highlighting the massive demand for the car that the company believes is its ticket in breaking into the mainstream auto scene.

The timetable set for the pilot production of the Model 3 also coincides with the company’s conference call with shareholders to report its fourth-quarter results. Apparently, Tesla wants to make a good impression in that conference call and positive news surrounding the upcoming production of the Model 3 could go a long way in appeasing its shareholders.

Continue after the jump to read the full story.


PostHeaderIcon Tesla Model 3's First Year Of Production Is Sold Out

Elon Musk’s Twitter account has been a go-to source for breaking news recently, and the Tesla CEO once again took less than 140 characters to announce (somewhat indirectly) that the Model 3’s first year of production has sold out. The company’s founder revealed the enlightening information while responding to an article shared by Fortune Magazine saying that new rounds of reservations for the Model 3 aren’t expected to be reopened for another two years.

The news marks the first time that Musk or anybody from Tesla has commented about the Model 3’s production status since May when the automaker confirmed that it had received more than 370,000 reservations for the entry-level model. Tesla has been quiet on that front since, but with Musk’s tweet, we at least get a good idea on the timetable for reservations on the car to re-open.

Tesla is still targeting a mid-2017 date to begin production of the car with a goal of getting the first wave of models delivered later in the year. At its current rate, the automaker is still in the process of ramping up its production capacity to accommodate all the Model 3 orders that have arrived. It’s only expected to deliver around 80,000 units in 2016, which is a big improvement from the 50,000 units it delivered in 2015. That number is expected to go up again in 2017 onwards as the company gears up to start production of the Model 3. The goal, according to Fortune, is to have manufacturing capabilities to produce around 500,000 models, many of which are likely going to be the Model 3.

In the meantime, those who have made the $1,000 refundable deposit on the car will have to continue to wait for their names to be called and those looking to join the long queue for the Model 3 will have to wait a little while longer to get in line.

Continue after the jump to read the full story.


PostHeaderIcon Jobs In Technology Are So Competitive, One Company Is Offering A Tesla Model 3 To Recruits

If you’re gonna make it in the tech world, then you’ve gotta surround yourself with the best people possible. But the tech elites out there don’t come cheap, and finding the right incentives to draw them in can be a challenge. One company in Seattle has the right idea – offering to park one of the most in-demand automobiles in the country right in their driveway. Of course, I’m talking about the Tesla Model 3.

That’s the strategy taken by Axon, a division of Taser, which develops, manufactures, and distributes products like electrical weapons and body-worn cameras for law enforcement.

According to a report from the Seattle Times, Axon is offering to purchase the $35,000 all-electric sedan for candidates in select positions, such as web developers and engineers. After working for 90 days at Axon, new hires can sign up for the car waiting list. Existing employees can also secure a spot on the waiting list by referring three employees for select roles.

Tesla revealed the Model 3 sedan on March 31, 2016, amid a flurry of interest. A week after unveiling the Model 3, Tesla accumulated well over 300,000 pre-orders. Deliveries are expected to commence towards the end of next year.

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PostHeaderIcon Tesla Charging more for Autopilot Feature

You have to give Tesla some credit. In the face of all the scrutiny surrounding its Autopilot feature, the EV car manufacturer still understands that it’s in the business game and that game is all about making money. So while the company’s announcement of a new 100 kWh battery pack for the Model S and Model X P100D variants understandably grabbed the headlines, Tesla managed to also increase the price of the Autopilot feature from right under our noses.

Whereas the price for the Autopilot system amounted to $2,500 before or $3,000 to be enabled after delivery of the car, Tesla has increased the number to $3,000 and $3,500, respectively. Apparently, the price increase isn’t because of the new sensors that Tesla is reportedly adding for the second-gen version of the system. According to Electrek, a Tesla spokesperson referred to the price increase as nothing more than a “better reflection” of the system’s actual value.

Whether that is the case or not, the timing of the increase is curious given the rash of negative publicity that has been attributed to the Autopilot system. One would think that Tesla would try to keep a low profile on the feature until it sorts out the quirks, thus having a better justification for a price increase. But the company opted to do it now. Similar features aren’t exactly popping up everywhere these days so while the field is still relatively barren compared to what it’s going to be in a few years, a $500 increase isn’t that big of a deal for customers who have spent or are willing to spend north of $60,000 on either a Model S or a Model X.

Skeptics can criticize all they want; at the end of the day, Tesla is still in the money-making business and this 20-percent increase in the price of the Autopilot feature should be a good source of extra revenues for Elon Musk and company. Now about making the system safer for its drivers…

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PostHeaderIcon Tesla's Autopilot is About to get a Serious Hardware Update

Tesla and its AutoPilot system have fallen under a lot of scrutiny lately with all of the AutoPilot-related accidents and subsequent investigations. To be blunt, the company has seen a lot of negative headlines lately. It even broke down and changed some wording on its Chinese website after a recent accident in China. But, despite all the negativity, neither Elon Musk or Tesla as a whole is backing down from pushing the AutoPilot system. That brings us to our topic of discussion today: AutoPilot 2.0.

Apparently, the system is already well into development, despite the fact that Tesla and MobileEye have gone their separate ways. According to the guys over at Electrek, the upgraded AutoPilot system will feature new radar sensors on each corner of the vehicle as well as a new front-facing, triple camera system. Of the three cameras, one will be a wide-angle camera used to scan all lanes ahead, another will be used to scan directly in front of the vehicle, and the third is a backup that can be used by the system in a pinch should there be an unexpected failure.

The new hardware will help push the AutoPilot system into the next stage, and will enable what Tesla is calling “level 3 autonomous driving.” For now, no production vehicles have been fitted with the new hardware, but some sources are reporting that new models already have the proper mounts and wiring, which means the option of retrofitting is a possibility in the future. Even when the new sensors and cameras are installed on production models, it isn’t likely that they’ll go into use right away. Tesla will wait until software is perfected, then roll out over-the-air updates to activate the hardware. With this new hardware, it could be possible for full autonomy to be activated with a future OTA update, but something tells me we still have a while to wait on that one.

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