Tesla Confirms New Model Y, Juniper, Will Not Be Released This Year; Reduces Price of Current Model

By Kevin Armstrong
Model Y is on Sale
Model Y is on Sale
Not a Tesla App

Tesla is looking to score thanks to its Super Bowl surge. For the past couple of years, Tesla sales have substantially increased following the big game - despite not advertising. Now, as the king of the EV sector has started social media marketing, it has to get aggressive to cash in on that extra attention.

No Model Y Refresh This Year

With any campaign, the talking points must be sent out beforehand. Tesla has reported to its delivery advisors to not expect a Model Y refresh this year, at least in North America. The memo that was sent out, according to Teslascope, states:

“We heard your feedback that some customers are waiting to place their Model Y order as they anticipate a refresh similar to Model 3. It is important that we communicate transparently that there is no refresh for Model Y launching this year. There is no better time for customers to start driving the world's best-selling vehicle. “

Evidently, the company has taken insights from the Highland rollout to heart. When word spread of the imminent Highland release, sales of the previous model dipped significantly. Quashing rumors is a shrewd move, yet the challenge remains: how will Tesla safeguard against the leaks that stripped the Highland launch of its element of surprise?

Model Y Goes on Sale

Tesla has strategically reduced the prices of the Model Y, signaling an aggressive push to boost sales. For the rest of February 2024, customers can enjoy a $1,000 discount on the Model Y RWD and Long Range models. Tesla has also rolled out enticing incentives, such as free Full Self-Driving transfers, lifetime free Supercharging for early adopters, and additional discounts for early Cybertruck reservation holders.

Tesla investor Gary Black pointed out the potential missed opportunity for Tesla, suggesting that even a single Super Bowl ad could have significantly bolstered consumer interest in the brand and been cheaper than giving a discount. With a $7 million investment for a 30-second spot, Tesla would only need to sell an additional 875 vehicles, assuming a gross profit of $8,000 per car, to cover the ad cost. Black suggests that the resulting surge in consumer interest could far outweigh the immediate expense. In contrast, Tesla's current approach opts for a short-term sales boost, reducing the Model Y price by $1,000, equating to a $40 million monthly expenditure.

The transparency in Tesla's communication and its pricing strategy is designed to keep the sales momentum high, especially as competitors showcase their electric offerings through high-profile advertising campaigns. Despite not participating in the advertising blitz of events like the Super Bowl, Tesla remains steadfast in its approach, relying on direct communication and a robust offering of incentives to engage and retain customers.

Tesla Introduces Most Affordable Car: Long Range RWD Model 3 with 363-Mile Range for $34,990

By Karan Singh
Not a Tesla App

Tesla has brought back the Model 3 Long Range Rear-Wheel Drive variant, which starts at $42,490. However, due to the batteries in the Long Range model, it qualifies for the $7,500 federal EV rebate. This makes this new model the cheapest model in Tesla’s lineup after the federal rebate that comes off at the point of sale.

After the federal rebate, this model is $34,990, exactly $4,000 less than the standard RWD model with the smaller LFP battery.

Improved Range

The Long Range RWD variant boasts a range of 363mi (vs 341mi for the AWD, and 272mi for the regular RWD), and a 0-60mph of 4.9sec (vs 4.2sec for the AWD). This makes the new Long Range RWD Model 3 Tesla’s longest-range economic vehicle (Model 3 / Model Y). The Model S AWD boasts an impressive 402-mile EPA estimate.

Other than the lack of a front motor for handling in rough or slippery terrain, or having a faster 0-60, the Long Range RWD is a fantastic option for most people.

It’s worth noting that only the Long Range AWD model can unlock Tesla’s Acceleration Boost, which increases power and reduces the vehicle’s 0-60 times by about half a second.

Model

Price

Price After Rebate

0-60 MPH

Range

Model 3 RWD

$38,990

-

5.8s

272mi

Model 3 LR RWD

$42,490

$34,990

4.9s

363mi

Model 3 LR AWD

$47,490

$39,990

4.2s

341mi

Model 3 Performance

$54,990

$47,490

2.9s

303mi

Availability

For now, the Model 3 Long Range RWD model is only available in the United States, with no availability in Canada.

Tesla FSD V12.5 to Combine City and Highway Stacks, Introduce Vehicle-to-Fleet Communication and More

By Karan Singh
Not a Tesla App

As FSD V12.4.3 continues to get released to more vehicles, Elon Musk has posted that FSD V12.5 is already in testing and will include several key features.

The improvements in v12.5 are supposed to focus on rarer, more complex situations and vehicle-to-fleet communication. Tesla’s Autopilot lead, Ashok Elluswamy, also mentioned that FSD would gain the ability to go in reverse around this time.

Merge City & Highway Stacks

FSD v12 has been a multi-stack setup so far, with a city-streets stack that is end-to-end, and an older highway stack that was carried over from v11. FSD v12.5 will once again merge the city/highway stacks according to Musk, who confirmed the feature yesterday. That means that there will no longer be an implicit highway stack.

This could cause some regressions during highway driving, similar to the ones we experienced when Tesla first merged highway and city stacks back in FSD v11. Ultimately, when the issues were ironed out, we ended up with a smoother and better Autopilot experience on the highway. When FSD v12.5 rolls around, we may see some similar issues but expect FSD v12.5 to do to highways what v12 did for city driving.

Vehicle-to-Fleet Communications

Tesla’s FSD relies heavily upon maps, with the mapping information designating routing and lane changes. When vehicles encounter difficulties, they are unable to communicate that back to the rest of the fleet. This results in every vehicle encountering the same problem. With FSD V12.5, vehicles will be able to communicate road closures or other obstacles back to the rest of the fleet in real-time. This will turn FSD into software that’s constantly improving as the fleet gathers more data, instead of having to wait for a software update.

Cybertruck Finally Gets FSD

In a recent post on X, Musk also confirmed that V12.5 will finally bring FSD to the Cybertruck. Currently, all Cybertrucks only have access to Traffic Aware Cruise Control (TACC). Autopilot and FSD capabilities should arrive alongside all the other features.

Actually Smart Summon

Musk has talked quite a bit about Actually Smart Summon. With FSD 12.5, the new vision-based summon may finally be released. This will introduce Smart Summon capabilities to vision-only cars for the first time. However, it’s expected to be a drastic improvement for all vehicles in similar ways to the new Autopark. The new summon has been tied to the ability to move the vehicle in reverse by Tesla’s Autopilot lead, so expect either both of them to arrive in FSD 12.5, or be held off for a later release.

Release Date

Musk originally mentioned that FSD V12.5 would be released in late June, however, there were several delays with FSD 12.4 and that time frame has now come and gone. FSD 12.4 was initially released in May 2024, but it went through several lengthy revisions before it was introduced to public testers. Going by that time frame, it appears that FSD 12.5 was expected to be released about 4-6 weeks after FSD 12.4. If FSD 12.4.3 is finally got a good spot, we could see FSD 12.5 become available in the next 4-6 weeks or about late August.

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