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Final Tesla Model 3 “Part 3” event could be held on June 2 or soon after

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Matte Black Tesla Model 3 Front

Details about Tesla’s highly anticipated final event for the Model 3 have been sparse, but new information revealed through Tesla’s “Project Loveday” contest suggests that a “Part 3” event for the mass market electric car could take place on Friday, June 2 or soon after.

According to terms and conditions outlined for Tesla’s newest contest to select the best fan-made commercial, the Grand Prize Winner “will be invited to and introduced at a future Tesla product launch event”. But more importantly, Tesla reveals that the the grand prize “must be claimed by June 2, 2017″, leaving speculation that the Model 3 event could take place that Friday.

Tesla CEO Elon Musk revealed during the most recent company earnings call – in response to an analyst question about when the public may see the Model 3 Design Studio come online – that first deliveries of a “Founders Series” Model 3 will go to employees, and an online configurator was “probably three to four months away”. This puts a launch date sometime in June. It’s likely that Musk will announce the opening of the Model 3 Design Studio the day of the Model 3 “Part 3” event which is presumably the upcoming “Tesla product launch event”.

Tesla has had a long history for throwing spectacular launch events. The unveiling of Tesla Autopilot and the dual-motor configuration drew massive fanfare, both at the “D event” that took place at Tesla’s Hawthorne, Calif. Design Studio, and across social media. Musk is also known to celebrate equally with staff by throwing employee appreciation parties, most recently at a soccer stadium near the company’s Silicon Valley headquarters.

Tesla is expected to begin Model 3 production in July. The company expects to produce 1,000 vehicles per week beginning in July before ramping up to 5,000 Model 3 vehicles produced per week during the fourth quarter.

Follow us @Teslarati and Like us on Facebook to see behind the scenes coverage from events.

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Tesla Vehicle Safety Report shows Autopilot is 10x better than humans

Tesla’s Safety Report for Q1 2025 continues to reiterate Autopilot’s impressive performance.

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(Credit: Tesla)

Tesla has officially released its Vehicle Safety Report, which shows data on the number of miles traveled between crashes for vehicles using and not using its Autopilot.

Tesla releases this data every quarter, and this quarter, it continued a somewhat consistent trend, revealing vehicles using Autopilot are 10 times less likely to be involved in crashes compared to the national average.

tesla autopilot

Credit: Tesla

Even Teslas that are not using Autopilot are more than twice as safe as the U.S. average, which is tracked by the National Highway Traffic Safety Administration (NHTSA).

The company started releasing this data on a quarterly basis back in late 2018. Since its first release, in Q3 2018, the number of miles traveled between crashes has more than doubled.

Q1 2025 Safety Results

Tesla reported one crash for every 7.44 million miles driven in which drivers were using Autopilot technology. This is a far cry from the 3.35 million miles it first reported back in late 2018.

It is also a big improvement from the 5.94 million miles it recorded between accidents in Q4, but it is important to note that the last quarter of each year has shown to have lower numbers than others. This can mostly be attributed to weather conditions.

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Tesla backtracked slightly compared to Q1 2024, when it recorded a crash once for every 7.63 million miles.

This past quarter, the company also saw one crash every 1.51 million miles for cars not using Autopilot technology. Even drivers that do not utilize Autopilot are seeing tremendous safety improvements compared to the national average, which was one crash every 702,000 miles.

This data was accumulated by both the NHTSA and the Federal Highway Administration (FHWA).

Tesla has emphasized safety since it started producing vehicles. Its Model S, Model 3, Model X, and Model Y have all achieved the lowest overall probability of injury of any cars tested by the New Car Assessment Program.

Tesla Cybertruck earns five-star safety rating from NHTSA

The company has used engineering improvements to push the probability of injury down.

Even the new Tesla Model Y, which started deliveries in the U.S. in March, has several new engineering features aimed at making the car safer for occupants and easier to repair in the event of a crash.

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Like it or not, the new Tesla Model Y is a big hit in China

The new Model Y’s registrations are picking up once more in China, with numbers rising 77.5% in the week ending April 27.

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Credit: Tesla China

It’s interesting to see that even after Tesla successfully changed over Gigafactory Shanghai to the new Model Y, reports still emerged earlier this month suggesting that the demand for the revamped, all-electric crossover may already be over.

Videos from China, as well as the trend in Tesla’s new vehicle registrations, suggest that the demand for the new Model Y in the country is alive and well. 

Why Did Registrations Drop In April?

Arguments that the new Model Y was already running out of steam in China are partly based on the vehicle’s sudden drop in registrations in April. This, as well as the fact that Tesla China still estimates just 2-5 weeks of waiting time for new Model Y orders, was interpreted as a demand issue by Tesla skeptics.

What is quite surprising is that skeptics still seem to be intentionally ignoring the idea that Giga Shanghai allocates a lot of its vehicle output to foreign territories early on in the quarter. Thus, when Q1 ended and Q2 began, it only made sense that domestic vehicle registrations for the new Model Y dropped. One should not forget, after all, that Giga Shanghai supplies vehicles to numerous territories outside China.

Model Y Registrations and Delivery Centers

The new Model Y’s registrations are picking up once more in China, with numbers rising 77.5% in the week ending April 27. This suggests that Tesla China may be allocating more of Gigafactory Shanghai’s output to the domestic market once more. This also suggests that the new Model Y is seeing quite a bit of interest among Chinese consumers. The new Model Y, at least based on the trend of Tesla China’s registrations, definitely does not seem to be losing steam anytime soon.

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A video that highlights this argument was shared recently on social media by Tesla China watcher @GeekLaii, who paid a visit to the company’s delivery center at Crab Island in Beijing. As could be seen in the video, the delivery center is packed with new Model Ys waiting for delivery. Consumers seem to be opting for the vehicle’s mid-tier variant as well, as the majority of the cars at the delivery center were comprised of new Model Y Long Range All Wheel Drive (AWD) variants.

Q1 Model Y Sales

In the first quarter, the Tesla Model Y was China’s best-selling SUV. That’s pretty impressive considering that the vehicle was limited to inventory units in the first months of the quarter. Despite this, the Model Y still sold 81,889 units in Q1 2025, putting it at the top of China’s SUV rankings. The new Model Y’s sales this Q2 might even be better.

Longtime Tesla investors have always argued that it is never wise to underestimate or bet against Elon Musk. At the same time, it is becoming evident that it is also not wise to underestimate or bet against Tesla’s best-selling car to date.

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Investor's Corner

Tesla Board member and Airbnb co-founder loads up on TSLA ahead of robotaxi launch

Tesla CEO Elon Musk gave a nod of appreciation for the Tesla Board member’s purchase.

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(Credit: Tesla)

Tesla Board member and Airbnb Co-Founder Joe Gebbia has loaded up on TSLA stock (NASDAQ:TSLA). The Board member’s purchase comes just over a month before Tesla is expected to launch an initial robotaxi service in Austin, Texas.

Tesla CEO Elon Musk gave a nod of appreciation for the Tesla Board member in a post on social media.

The TSLA Purchase

As could be seen in a Form 4 submitted to the United States Securities and Exchange Commission (SEC) on Monday, Gebbia purchased about $1.02 million worth of TSLA stock. This was comprised of 4,000 TSLA shares at an average price of $256.308 per share.

Interestingly enough, Gebbia’s purchase represents the first time an insider has purchased TSLA stock in about five years. CEO Elon Musk, in response to a post on social media platform X about the Tesla Board member’s TSLA purchase, gave a nod of appreciation for Gebbia. “Joe rocks,” Musk wrote in his post on X.

Gebbia has served on Tesla’s Board as an independent director since 2022, and he is also a known friend of Elon Musk. He even joined the Trump Administration’s Department of Government Efficiency (DOGE) to help the government optimize its processes.

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Just a Few Weeks Before Robotaxi

The timing of Gebbia’s TSLA stock purchase is quite interesting as the company is expected to launch a dedicated roboatxi service this June in Austin. A recent report from Insider, citing sources reportedly familiar with the matter, claimed that Tesla currently has 300 test operators driving robotaxis around Austin city streets. The publication’s sources also noted that Tesla has an internal deadline of June 1 for the robotaxi service’s rollout, but even a launch near the end of the month would be impressive.

During the Q1 2025 earnings call, Elon Musk explained that the robotaxi service that would be launched in June will feature autonomous rides in Model Y units. He also noted that the robotaxi service would see an expansion to other cities by the end of 2025. “The Teslas that will be fully autonomous in June in Austin are probably Model Ys. So, that is currently on track to be able to do paid rides fully autonomously in Austin in June and then to be in many other cities in the US by the end of this year,” Musk stated. 

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