It certainly looks like Tesla is about to unveil the Model 3 Ludicrous tonight
Photos of an upgraded and rebadged Tesla Model 3 outside a Tesla store have us thinking that an unveiling of the anticipated Ludicrous upgrade to the Model 3 Performance is imminent.
Tesla recently refreshed the Model 3, and with it came several upgrades. However, one missing upgrade was the availability of a performance model, which has been absent ever since the refreshed “Highland” Model 3 hit the road.
We do know that Tesla has been working on an even-higher-performance version of the Model 3 Performance. We don’t know what it will be called, but it could go by “plaid” or “ludicrous” (both references to the movie Spaceballs, which Tesla has used to name its Model S/X high-performance versions) – though we’re leaning towards ludicrous, and think Tesla will keep plaid for its high-end Model S designation.
We’ve seen leaks in Tesla’s parts catalog showing new wheels and badging, and Tesla was spotted filming a promo for a Model 3 with a badge on the back. The badge resembles the plaid badging on the current Model S, but does look a little different, so the model could go by either designation.
We’ve also seen a few other small leaks (a stale mention in Tesla’s website code, regulatory filings in Europe and Korea) that point us towards this upgrade being in the works.
But now we have some indication that that upgrade could be happening soon, perhaps even on as unlikely a date as today, April 1.
Photos first appeared on Little Red Book, a Chinese social media app, last night showing several of the new refreshed Model 3s under wraps outside an event space, potentially in Southern California (Update: we’ve since found out it is the Tesla Malibu showroom, see below).
The many covered cars outside the event are clearly refreshed Model 3s, given the low nosecone, though we can’t see much else under the covers. But there’s one car inside that we have seen before, namely, it looks like the Model 3 from the aforementioned promo.
The vehicle under wraps inside the event space has the same color and wheels as the promo vehicle did, and the wheels match up with the leak from the parts catalog.
The photos were posted by user “Imtz,” who mostly posts photos of cars and lists their location as Los Angeles/Beijing (Tesla’s Design Studio is located in Los Angeles). The post is captioned with this (machine-translated from Chinese):
Know everything Tesla 3L
Some people are guessing when and where the new Model 3P, Model 3 Ludicrous, will be launched. It can only be said that it is closer than you think. See you on the 1st.
The real car has been seen, which is much different from the old 3p and the ordinary 3. The exterior and interior have changed. It’s still worth looking forward to.
The room for the event seems quite small compared to your typical Tesla unveiling, but does seem set up for some sort of presentation. The car in question is covered, but not with a loose sheet like in many car unveilings, rather a fitted car cover. But the mirrors haven’t been stuffed into the pockets on the car cover, perhaps to make it easier to remove the cover when the car is ready to be presented.
While we haven’t heard anything official about an upcoming Tesla event, there is actually some precedent for this. We also had no official notice of the Model 3 Highland refresh unveiling, which didn’t happen on US time and wasn’t a high-attendance/livestreamed event either.
And today is also the first day of a new quarter, right after Tesla’s traditional end-of-quarter delivery rush, and before delivery numbers get announced (which should happen in the next day or two). This could be a way to build momentum at the dawn of a new quarter, especially if those numbers aren’t up to expectations.
Update: An unwrapped Model 3 with the new badging and wheels has been spotted in Malibu, with a private event supposedly happening at the Malibu Tesla showroom tonight. Tesla chief designer Franz von Holzhausen’s Cybertruck is also parked at the location.
Electrek’s Take
April 1st (or, in the case of Voltswagen, March 29th) is a terrible day to write the news, as everyone wants to be a comedian these days. Fake announcements abound, so we always have put our guards up now – even a few days prior (thanks VW).
This is especially true when talking about a company that refuses to do anything normal in terms of publicity. We’d love to talk to Tesla and ask them if these pics are real and if they’re planning an event, but there just isn’t a way to do that. So maybe they’re planning an event or maybe they aren’t, but if they are, then the press hasn’t been told about it.
So instead we have to read the tea leaves and try to figure out if this is real or not.
While it might be tempting to chalk this up to an April Fools joke – and that indeed is still possible – April Fools’ Day is rarely celebrated in China, and a post written in Chinese on a Chinese social media app seems like a less likely place to put an April Fools joke. So given the evidence available, we’d put this as slightly more likely than not to be real, but as today is today, you never know.
Do you think Tesla is about to unveil the new Model 3 Performance/Ludicrous/Plaid? What do you think it will be called? Let us know in the comments.
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Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China.
China Stringer Network | Reuters
Like the U.S., Europe is also feeling the pressure to keep China sweet in order to maintain supplies of rare earth elements, which are vital for its strategic industries in the region such as auto production, green energy and defense.
Europe is heavily dependent on China for supplies of the world’s 17 rare earth elements and has been looking to calm stormy waters with Beijing over supplies, while looking for alternative sources of critical minerals — including in its own back yard.
That’s a long process, however, and for now, Europe is as vulnerable as other major consumers of rare earths, and particularly the U.S., when it comes to Beijing’s ability to turn the tap off on supplies.
Officials from Germany and the Netherlands are in Beijing this week for talks with their Chinese counterparts on China’s controls on rare earths exports and semiconductor chips which have made European industries vulnerable to global supply chain disruptions.
China dominates the rare earths market from mining to refining, with data from the International Energy Agency showing that, in 2024, China was responsible for 59% of the world’s rare earths mining, 91% of its refining and 94% of the manufacuring of permanent magnets which are commonly used in electric vehicles, wind turbines, industrial motors, data centers and defense systems.
As the world’s single largest supplier of a component that’s critical to so much manufacturing, China’s dominance has made “global supply chains in strategic sectors – such as energy, automotive, defense and AI data centres – vulnerable to potential disruptions,” the IEA noted.
That potential for disruption came to the fore this year when, in April and October, Beijing announced licensing requirements, and later export controls, on its rare earth supplies and technologies.
Those controls were suspended for a year as a result of a trade truce reached in October between China and the U.S. reached but major rare earth importers such as the U.S. and EU, which imports around 70% of rare earth supplies — and almost all of its rare earth magnets — from China, are all too aware of its vulnerabilities to geopolitical disruptions.
Barriers to diversification
Last month, European Commission President Ursula von der Leyen announced that the bloc was launching the “RESourceEU” plan aimed at reducing reliance on critical raw materials from China “in the short, medium and long term.” She said the bloc could do this by recycling existing raw materials, such as those in batteries, and by joint purchasing to stockpiling.
Von der Leyen also said the EU would boost investment in strategic projects “for the production and processing of critical raw materials here in Europe,” and would speed up work on critical raw materials partnerships with countries like Ukraine, Australia, Canada, Kazakhstan, Uzbekistan, Chile and Greenland.
“The world we face today rewards speed, not hesitation, because today’s world is unforgiving. And the global economy is completely different than it was even a few years ago. Europe cannot do things the same way anymore. We learned this lesson painfully with energy; we will not repeat it with critical materials,” she said, referencing the bloc’s reliance, before the Ukraine war, on Russian oil and gas.
Valdis Dombrovskis, European Commissioner for Economy and Productivity, told CNBC Monday that the bloc was working to diversify its rare earth supplies but that this would take time.
“I would say there is some positive news, so China has suspended now for 12 months those additional export controls, which were announced in October, which gives us some time. But I also would say it emphasizes the need for the EU to diversify its rare earth and critical minerals supplies, because of many on those rare earths, we are depending more than 90% on China’s supplies,” Dombrovskis said.
Necessity the mother of invention?
Europe itself has reserves of rare earth materials with deposits found in Turkey, Sweden and Norway but the problem is that it doesn’t have the operations to mine those materials, let alone refine and process them — unlike China, which has decades of experience, investment and infrastructure that has fueled its global processing dominance.
Europe is also more encumbered with long approval processes and environmental standards when it comes to mining, meaning any regional plans to develop those rare earth deposits could take years. Public opposition is also a factor that has not shackled China.
A view of the NEO magnetic plant in Narva, a city in northeastern Estonia. A plant producing rare-earth magnets for Europe’s electric vehicle and wind-energy sectors.
Xinhua News Agency | Xinhua News Agency | Getty Images
The need to diversify from China quickly could cause officials to lower those barriers, however and there are already signs of action, with Europe’s first rare earth magnet production plant being opened in Estonia in September. Backed by funding from both Canada and the EU, the plant’s raw materials are coming from Australia and Malaysia.
“There’s probably a lot more deposits in Europe but … there are barriers to bringing that online,” Willis Thomas, principal consultant at CRU Group, told CNBC.
“But if we’re getting into a world where risks are being realized on trade tensions, I think that that will continue to push everyone to build out the supply chain and a bit more resilience on it, but it does take some time, and there’s limited expertise.”
What’s also worrying for Europe is that being unable to control the sources and supply of raw materials could mean that its technological and green ambitions suffer.
“Europe’s race towards net zero and digital leadership depend on materials it does not control,” Hamed Ghiaie, professor of Economics and Public Policy at ESCP Europe, and Filippo Gorelli, an analyst at Nexans, said in analysis for the World Economic Forum.
“For decades, Europe treated raw materials as a commodity issue, rather than a strategic one. That complacency is becoming costly,” they added.
“What is at stake is climate targets and economic resilience. Shortages of rare earths, gallium or germanium could slow semiconductor fabrication, AI development and even wind-power installation. In short, Europe cannot build a green or digital future on supply chains it doesn’t control,” they concluded.
Aviation startup Electra made history last month when its EL2 became the first hybrid-electric Ultra Short Take-off and Landing (uSTOL) aircraft to successfully complete helicopter-like take-offs and landings at the Watertown International Airport.
Founded to provide affordable air travel without airports, emissions, or noise, Electra’s stated goal was to build an aircraft that could deliver on the promises of eVTOL aircraft at a significantly reduced cost compared to its more drone-like competitors. In that context, the demonstration at Watertown isn’t a publicity stunt, but part of concerted effort to validate Electra’s uSTOL performance under real-world conditions at a commercial airport — exactly the kind of place that regional operators, cargo carriers, and emergency responders actually fly in and out of.
Hitting those marks now will help Electra clear a path for FAA certification and prove that the company can deliver on the $9 billion worth of promises its made (so far).
“Electra is grateful to the team at Watertown International Airport for enabling this demonstration of the EL2’s Ultra Short capabilities in an off-runway capacity,” explains Tom Carto, director of market development at Electra. “Our Ultra Short aircraft will offer the potential to increase the use of general aviation airports and expand the capacity of larger hubs by enabling takeoffs and landings on ramps and taxiways instead of runways, feeding in regional connections without adding to runway congestion. These transformative and practical capabilities will open the door to Direct Aviation and point-to-point connections in a way that will make it easier for people to get from the where they are to where they want to go.”
The EL2’s innovative “blown lift” design features eight electric motors on the plane’s wings, enabling take-off and landing in as little as 150 feet.
Electra says the final version of its aircraft will be able operate from airfields as small as 300 x 100 ft (90 x 30 m), or about one-tenth the length of a standard airport runway. That means that, even if these eSTOL aircraft don’t open up quite as many spaces for air travel as eVTOLs, do, they’ll still be extremely flexible – and more than capable of operating from the roofs of many existing buildings and parking structures.
Obviously
And, of course, the Air Force wants one.
NOTE: in response to some of the comments, I want to point out that the Electra is capable of sustained, electric-only powered flight and uses the genset for remote operations/extended range. I should have made that clearer. This is arguably more EREV than EV.
SOURCES | IMAGES: Electra; via Oswego County Business.
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The US Department of Energy’s Loan Programs Office (LPO) closed a $1 billion loan to restart Three Mile Island Unit 1, a nuclear reactor at Three Mile Island in Londonderry Township, Pennsylvania.
The money is being loaned to Constellation Energy Generation, which is renaming the 835 megawatt (MW) Three Mile Island Unit 1 the Crane Clean Energy Center. Constellation said in September 2024 that it would restart the reactor under a power purchase agreement with Microsoft, which needs more clean power to feed its growing data-center demand.
The project is estimated to cost around $1.6 billion, and the DOE says the project will create around 600 jobs. The reactor is expected to start generating power again in 2027.
Three Mile Island Unit 1 (in the foreground in the photo above) went offline in 2019 because it could no longer compete with cheaper natural gas, but it wasn’t decommissioned. It’s capable of powering the equivalent of approximately 800,000 homes. It’s on the same site as the Unit 2 reactor (in the background in the photo above) that went into partial nuclear meltdown in 1979, and is known as the worst commercial nuclear accident in US history.
When asked about the loan’s timing, Greg Beard, senior adviser to the Loan Programs Office, told reporters on a call that it would “lower the cost of capital and make power cheaper for those PJM [Pennsylvania-New Jersey-Maryland] ratepayers.” Data centers are driving up electricity costs for consumers.
Read more: DOE props up dying coal with $625M days after Wright mocks clean energy subsidies
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