Tesla Model X Range Increased?

While most of the attention on Tesla’s vehicle lineup today was on the Model S due to a $3,000 price cut, there may be an interesting development happening for the Model X as well. Tesla Motors Club forum member ColdWeatherEV recently took delivery of a brand new Model X and shared some details about the vehicle in a post on the forum.

“I just took delivery of a 2021 Model X, VIN 308XXX, and I was surprised to see that the EPA Monroney sticker lists the range at 371 miles,” writes the user. The Monroney sticker is a required label in the US for all new vehicles and contains official information about the car.

On Tesla’s website, the currently-listed EPA range for the Long Range Plus Model X is just 351 miles, 20 miles lower than the range listed on the Monroney sticker of this new delivery. While this is just one source, the user did share images of the Monroney sticker.

2021 MX

Tesla has a history of rolling out updates without announcement, so a longer range Model X is not outlandish. If 371 miles of range is accurate, it would represent a nearly 6% gain. Tesla’s online design studio will be closely watched over the coming days, especially as updates to the Model 3 trickle out.

For more on Tesla, including a rating upgrade by the S&P and the company’s entrance into India, please see the included video and be sure to follow Tesla Daily on The Street.

Disclosure: Rob Maurer is long TSLA stock and derivatives.

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Tesla Autopilot Self-Driving Beta Test Will Start Tuesday, Elon Musk Confirms

KEY POINTS

  • Tesla will roll out its FSD feature in a closed beta system test next week
  • The new autopilot software will be available to a small pool of Tesla owners
  • The updated FSD software is expected to include many new functionalities

Tesla CEO Elon Musk announced via Twitter on Monday that the company’s autopilot self-driving mode would be made available in a small beta test starting next week. 

The closed beta-test system, which will be limited to a small pool of “expert and careful drivers,” will roll out next week, Car And Driver reported. 

The Full Self-Driving (FSD) feature has undergone a complete reboot and is expected to carry a lot of new functionality. The rewrite also updated the autopilot’s labeling software to enable it to interpret the environment in 4D instead of 2D. 

Based on Musk’s recent descriptions, the updated software will build on its current “traffic light and stop sign control” feature and will likely add turns in intersections and integrate it fully on autopilot. 

“The FSD improvement will come as a quantum leap, because it’s a fundamental architectural rewrite, not an incremental tweak. I drive the bleeding edge alpha build in my car personally. Almost at zero interventions between home & work. Limited public release in 6 to 10 weeks,” Musk said in August.

According to Electrek, the new feature will allow Tesla drivers to monitor their entire journey with zero-intervention. However, they must still keep their hands on the steering wheel and be ready to take control when needed. 

Musk has previously said that he was confident that an advanced autopilot software would allow Tesla vehicles to become less likely to be involved in a severe or fatal crash by at least 10 times the current industry average. 

“That’s a lot of lives saved and

Tesla Model 3 Price Too High? Dirt-Cheap Used Electric Cars Can Be Good Deals

The used EV has arrived.

It was only nine years ago that the first won’t-break-the-bank electric cars arrived.

Those non-Tesla EVs — like the Nissan Leaf and Chevy Volt — weren’t priced at $80,000 like the Model S and the first- and second- generations of those cars have been hitting the used car market over the last several years.

And with a Long Range 2020 Tesla Model 3 starting at about $47,000, “dirt cheap” for an EV is anything under $20,000.

A couple of the better sites for used EVs are MYEV and CarGurus.

Most of the used EVs cited below are first- and second-generation electrics that were sold roughly between 2011 and 2017.

Note: all prices are based on a used vehicle with under 40,000 miles. Price ranges are typical but some listings may be lower or higher:

Table notes:

*Used Nissan Leaf EPA-rated battery range depends on year and model: typically, the older (pre-2018), cheaper Leaf models have 107 miles of range while the newer have 150 miles. The oldest Leaf models have a range from approximately 70 to 84 miles. I am not including the oldest 70-75 mile range models, which typically start at about $5,000.

*Used Volkswagen e-Golf EPA-rated battery range depends on year and model: typically, the older (pre-2018), cheaper e-Golf models have 83 miles of range while the newer have 125 miles.

**Chevy Volt is an EV but is also referred to as a plug-in hybrid because it has a range-extending gas-engine generator that boosts the total range to 420 miles

Will Tesla Continue To See Demand Or Is Another Price Cut On The Way?

Over the last year, Tesla (TSLA) has been on a fast ride. Its stock has soared more than 400% in 2020, and its delivery schedule has beaten the estimates of Wall Street. But some analysts are concerned that the electric carmaker may be running out of road.

In Q3 2020, Tesla delivered 139,300 vehicles, up from analyst expectations of 136,350, CNBC reported. While Tesla is on course to hit its goal of 500,000 vehicle deliveries for the year, some are wondering if demand for the electric cars will continue.

Joseph Spak, an analyst at RBC Capital, told Market Watch, “We do believe there could be some supply constraint, but bears may also point to some potential demand concerns. Some of the early data we’ve seen in Europe suggests sales may be softer than we expected, and we continue to believe Model 3 sales in the U.S. are down y/y [but Model Y helps U.S. demand].”

Tesla has been making some strong moves in recent months. The company has plans to open a factory in Austin, Texas, by May 2021, and could hit $500 per share in the coming years, some analysts predict, but the carmaker left many underwhelmed by its “Battery Day” event.

Leading up to the Sept. 22 gathering, Tesla CEO Elon Musk talked about the company’s plan to produce a cheaper, lower-cost battery, but there was no actual unveiling of an electric vehicle battery or news on the “million-mile battery” as anticipated. Musk, who hyped the event by saying it would be “insane,” left many disappointed.

But one important nugget did come out of Battery Day which could signal what’s ahead for Tesla. Musk reiterated the company’s plans to build a $25,000 electric vehicle. This could be taken as a sign that Tesla is ready to drop its

Tesla Acquires Automation Company

According to The European and other reports, Tesla has acquired a German branch of Canada-based automation company, ATS Automation Tooling Systems. The branch Tesla is said to have acquired is known as ATW, which is described by ATS on their website.

“ATW, a member of ATS Mobility, Nuclear, and Specialty Automation, based in Neuwied/Germany, has extensive experience overcoming the challenges that battery module and pack assembly and test for electric mobility can present. Having partnered with nearly every major automobile manufacturer internationally, ATW has completed more than 20 battery production lines. With this portfolio of projects, ATW customers have come to expect short lead times and project flexibility that is crucial to remain competitive in the dynamic electric mobility industry. ATW is a trusted name in automation to the world’s leading OEMs and tier 1 suppliers responsible for building the critical components that bring vehicles to life.”

ATW has worked with BMW and Daimler on their latest battery assembly lines, but business has slowed down during the coronavirus pandemic. “The company was considered highly profitable. A decline in orders, which is reportedly also due to Corona, forced short-time work and ultimately maneuvered the company into the abyss – until the deal with Tesla saved from bankruptcy. The Californians, on the other hand, need well-trained engineers and skilled workers in Germany. This created a win-win situation for both sides,” says The European in a translated quote.

Parent company ATS trades on the Toronto stock exchange, carrying a market capitalization above $1B. With a reported 210 employees, ATW represents about 5% of the ATS workforce. While financial terms of the acquisition have not been disclosed, if the market cap were evenly distributed by head count, a very rough estimate may put ATW’s valuation near $75M. The transaction value is likely a relatively