The new Tesla Model 3 Performance is equipped with Tesla’s new fourth-generation drive unit, which has a continuous power increase of 22%, a peak power increase of 32%, a peak torque increase of 16%, and a cruising range of 296 miles (approximately 476 kilometers). The electric motor has a total power of 510 horsepower and a total torque of 740 Nm. 0-60 mph (approximately 96 km/h) is achieved in 2.9 seconds and the top speed is 262 km/h. While the power is improved, the energy consumption of the new model will be further reduced.

According to the official introduction, the new car continues the quiet and comfortable cockpit of the past, while using customized chassis hardware to improve body stiffness and overall performance.

The new Model 3 Performance has been adjusted in terms of appearance details, such as a diffuser shape added at the bottom of the rear apron, a carbon fiber spoiler at the rear, and a colorful radial pattern tail badge with the same shape as the Model S/X Plaid version.

The new car comes standard with forged 20-inch blackened wheels and Pirelli P Zero 4 tires, which bring better grip and reduce traction control intervention. At the same time, these configurations can also increase cruising range and reduce rolling resistance, bringing a more comfortable driving experience.

The new Track Mode V3 will bring greater stability and predictability, as well as a consistent driving experience. Tesla achieved this by integrating the motor and suspension control systems, powertrain cooling system, and Vehicle Dynamics Controller (VDC) into a unified system.

The new car is also equipped with a new adaptive damping system. “This system can adjust in real time based on driver and road input to optimize handling and driving comfort. The system is controlled by Tesla’s self-developed software, which means it can Continuous improvements through future OTA software updates.”

The new Model 3 Performance will also bring the following aerodynamic improvements:

Wind resistance reduced by 5%

Lift reduced by 36%

Front-to-rear lift balance improved by 55% (compared to previous version of Model 3 Performance)

The interior design of the new Model 3 Performance has not changed much. The center console has been replaced with a carbon fiber trim panel and new sports seats are used. The new sports seats provide the same comfort and functionality as before. It can also provide better lateral support, making it more comfortable during cornering and dynamic driving.

The starting price of the new Model 3 Performance in the United States is US$52,990 (Note : Currently about 384,000 RMB).

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However, it is noticed that during Tesla’s first quarter earnings conference call on Tuesday, Elon Musk casually called the upcoming self-driving car “Cybercab” (cyber taxi). “As we previously announced, we will be demonstrating our purpose-built self-driving taxi, or ‘Cybercab,’ in August,” Elon Musk said during the call.

It’s unclear whether this is just a joke by Elon Musk, but the name fits well with Tesla’s existing naming style. Tesla’s current products include the Cybertruck, and it also sells some other peripheral products. For example, CyberBeer and CyberHammer both have the same rough and tough design style as the Cybertruck pickup truck.

Judging from what we know so far about the appearance design of Tesla’s self-driving taxi, this name seems reasonable. Elon Musk biographer Walter Isaacson revealed last year that Tesla’s self-driving taxis will be similar to Cybertruck pickup trucks. According to Isaacson, Elon Musk said when he saw a prototype of a self-driving taxi: “When one of these cars turns the corner, people feel like they’re seeing the future.”

During the earnings call, Elon Musk also revealed some new details about Tesla’s ride-hailing service. He said Tesla plans to operate a fleet of self-driving taxis, and Tesla owners can also add their Tesla cars to ride-hailing services. Of course, whether this bold vision can be realized depends on whether Tesla can actually create a self-driving car, which Tesla has not yet achieved.

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It is worth mentioning that today Tesla’s entire range of models have reduced prices in China, with Model 3/Y currently on sale starting at 231,900 RMB/249,900 RMB.

This week has been a tough one for Tesla shareholders. Its stock price has been falling every day, with a total weekly decline of about 14.03% and a drop of more than 40% this year. The latest total market value is US$468.323 billion, which has evaporated by more than US$300 billion compared with the end of last year (Note: currently about 2.17 trillion RMB).

In addition, Elon Musk said in an internal email to employees on April 15 that the company would lay off more than 10% of its global workforce to cut costs and increase productivity. Based on Tesla’s global employee count, the layoffs affect more than 14,000 employees.

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According to Reuters, Tesla could have calmed investor sentiment with an “upcoming announcement in India” after months of falling stock prices and massive layoffs around the world. During Tesla’s upcoming earnings call next Tuesday, Elon Musk is also likely to face tough questions from analysts about declining sales, intensifying competition from Chinese electric car manufacturers, and the fate of Tesla’s key future products.

Elon Musk is also expected to meet with executives from several space startups in New Delhi, the report said.

Summary of some incident background:

April 10: Multiple foreign media reported that Elon Musk plans to visit India during the week of April 22 to 28 to meet with Indian Prime Minister Narendra Modi. Tesla’s investment plan to build a factory in India will be announced during this period. The news was subsequently confirmed by Elon Musk himself.

April 15: Elon Musk announced via an all-staff email that Tesla would lay off 10% of its employees worldwide.

April 17: According to people familiar with the matter, Elon Musk will announce Tesla’s investment plan in India when he visits India next week, and is expected to invest US$2 billion to US$3 billion (Note: currently about 14.48 to 21.72 billion RMB), mainly used to build new factories.

April 18: Indian Finance Minister Sitharaman said in an interview with CNBC’s Network18 media today that Tesla’s intention to invest or build a factory in India will send a strong message to international investors, “India has favorable manufacturing industrial policies, a skilled young and middle-aged labor force and a huge market.” At the same time, it will also enhance India’s attractiveness as a “global manufacturing center”.

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Today, a video at the Tesla event in California and Tesla official documents confirmed that they will use rivets to strengthen the pedal pads to solve the above problems. The video shows the specific operation process.

The video shows the implementation process of this solution, which looks very simple. Some netizens nicknamed it “35-second recall repair”. However, it should be noted that this video omits the step of installing the drill mold.

Tesla workers drill holes in the pedals to established specifications and use rivets to secure the pedal pads to prevent them from falling off due to “unapproved changes” during the manufacturing process that caused the pedal pads to be slipperier than intended.

It is noticed that the service bulletin issued by Tesla mentioned that the repair plan also includes some other necessary steps, such as measuring “the distance between the bottom of the aluminum accelerator pedal pad and the bottom of the pedal back plate” before starting work. . If the distance between the two is 5 mm or more, the entire pedal assembly will need to be replaced.

Once the repairs are complete, workers will also need to use mirrors to inspect the work and clean up any debris left behind from the repairs.

Although this solution seems simple and crude, it is necessary to ensure the safety of the vehicle. It is unclear whether Tesla will provide a permanent solution to replace this rivet fixation solution.

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Although the project was snubbed by President Biden’s Bipartisan Infrastructure Act, Musk still hopes to move forward with the project. Tesla has been hoping to secure $100 million in subsidies from the Federal Highway Administration’s (FHWA) Charging and Fueling Infrastructure (CFI), plus about $24 million of its own funds, to build a new facility in Rayleigh, Texas. Construction of nine electric semi-truck charging stations between Toronto and Fremont, California.

If built, the corridor would be the first charging network to enable long-distance and regional electric trucking. Without it, though, Tesla’s promise of electrifying heavy-duty trucks might be even more distant than it is now.

In a 964-page document filed with the South Coast Air Quality Management District, Tesla’s proposed project to the Federal Highway Traffic Administration (FHWA) is called TESSERACT, which stands for “Supporting Arizona, California and Texas.” Electrification of transportation in state semi-trailer operations”.

The 1,800-mile line would theoretically connect Tesla’s two North American car plants, as well as a planned but delayed plant in Mexico. Each charging station is initially planned to have eight 750-kilowatt chargers for Tesla Semis and four chargers for other electric trucks.

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It was previously reported that Tesla recently delayed the delivery of some Cybertrucks, but did not disclose the specific reasons. According to messages on the Cybertruck Owners Club forum, many owners have received notifications that their pick-up plans have been delayed.

One owner said that the dealer informed his vehicle that it was being recalled due to a problem with the accelerator pedal. Another owner said that Tesla sent text messages explaining that the reason for delayed delivery was related to the accelerator pedal. Some owners received text messages that mentioned in general terms. “Problems with vehicle preparation”.

Currently, the Cybertruck rear-wheel drive version starts at $60,990 (Note: currently about 442,000 RMB), has a range of 402 kilometers, accelerates from 0 to 100 kilometers in 6.7 seconds, and has a top speed of 180 kilometers per hour. This version will be launched in 2025.

The all-wheel drive Cybertruck is priced at US$79,990 (currently about 580,000 RMB), has a range of 547 kilometers, and the mileage expansion package can increase the range to more than 755 kilometers, accelerates from 0 to 100 kilometers in 4.3 seconds, and has a top speed of 180 kilometers per hour. It will be launched this year.

In addition, Tesla has also launched a beast version for US$99,990 (currently about 725,000 RMB), with a range of 515 kilometers, which can be increased to more than 705 kilometers with an expansion pack, acceleration from 0 to 100 kilometers in 2.7 seconds, and a top speed of 209 kilometers per hour. hour, also launched this year.

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The vehicle adopts a shape similar to the Tesla Cybertruck and supports two children. It is equipped with LED headlights and taillights and has a range of 19 kilometers. The vehicle speed is adjustable between 4 km/h and 8 km/h.

Tesla China’s official website launched a kids toy motorcycle Cyberquad on July 14, 2023. The official guide price is 11,990 RMB. It is an ATV all-terrain vehicle specially designed for children.

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China compensation plan

Domestic media reported that Tesla’s layoffs in China cover multiple departments, some departments have already completed layoffs, and sales staff are the “hardest hit area.” Because all Tesla stores adopt a direct operation model and store sales are also candidates for laid off employees, the proportion of layoffs in China this time may exceed 20%. The compensation standard for laid-off employees is “n+3 (that is, the number of years of service in the unit plus 3 months)” times the salary.

According to people familiar with the matter, some departments will be optimized by 30% to 40%, and individual departments will be optimized by 50%. Other departments are generally at 20%, and the compensation ranges from “N+1” to “N+3”. It is “N+3” after the day of negotiation.

U.S. compensation package

In the United States, Tesla’s layoffs have also been rapid. According to US media reports, Tesla CEO Elon Musk issued an all-employee letter on April 14, local time, announcing a global layoff of more than 10%. Within the next few hours, Tesla sent layoff notices to individual affected employees, telling them that they would receive information on severance compensation “within 48 hours.”

These notices from Tesla were sent to employees’ personal email accounts. Tesla said in an email that they had been fired, effective immediately. Several former employees said they were stripped of access to Tesla’s internal systems around the same time.

So, how does Tesla compensate its employees in the United States? According to information disclosed by five former Tesla employees, the company appears to have provided two months of severance packages to laid-off employees, which means that their wages will be paid until June 14 this year. These severance packages do not appear to be calculated based on the employee’s tenure at Tesla, as employees who have worked at Tesla for a few months to a few years receive the same compensation.

Under the U.S. Worker Adjustment and Retraining Notification Act (WARN Act), businesses with more than 100 employees must give employees 60 days’ notice before making large-scale layoffs. Without proper advance notice, terminated employees are entitled to up to 60 days of pay and benefits. Now, Tesla happens to provide 2 months of severance compensation, which is enough to cover the penalty costs even if it violates the Worker Adjustment and Retraining Notification Act.

Tesla also pays for two months of COBRA health insurance for employees insured through the company, according to a compensation package seen by US media. COBRA, which stands for the Consolidated Omnibus Budget Reconciliation Act, is a health insurance policy that allows employees to continue to have employer-sponsored health insurance after they voluntarily leave or are fired.

Terms of separation

To receive compensation, fired employees must sign a contract that prohibits them from participating in any lawsuits or large-scale arbitrations against Tesla, from sharing any of the company’s trade secrets, or from publicly defaming Tesla. These are relatively standard provisions in severance compensation agreements.

The severance compensation agreement shows that Tesla requires laid-off employees to sign within 5 working days of receiving the agreement, and employees will receive compensation 45 days after the date of dismissal.

Although Tesla began notifying employees of severance compensation information overnight, several Tesla employees affected by layoffs said they had not received compensation information as of Wednesday morning local time.

These severance agreements do not include any information regarding equity awards or unused paid time off (PTO). Tesla employees have “30 days or 3 months (or both)” from the date of termination to exercise their vested rights, according to an exit email sent to fired employees on Tuesday. Stock options, paid time off an employee accrues prior to the date of termination will be paid out in their final paycheck.

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Referring to previous reports, Lu Yu, director of the High-tech Division of the Lingang New Area Management Committee, said at the press conference on the “first anniversary” of the construction of Shanghai’s Future Industry Pilot Zone that Tesla Energy Storage plans to complete trial production within the year. The production scale is nearly 40GWh and will be sold to the global market.

Tesla’s Shanghai Energy Storage Gigafactory will plan to produce Tesla’s ultra-large commercial energy storage batteries (Megapack). This product is based on integrated system integration and modular design to help grid operators, utility companies, etc. store and store energy more efficiently. Distribute renewable energy.

Each Megapack unit can store more than 3.9MWh (megawatt hours) of energy, enough to meet the electricity needs of 3,600 homes for one hour.

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