Suffice it to say the Model 3 has consumed all of the Tesla oxygen in the past few weeks, but that doesn’t mean the Model S is just going to roll over and play dead.

Sources inside the company told CNET that a changes are coming for the ground-breaking electric sedan, possible as early as next week. If true, Tesla founder Elon Musk clearly knows a thing or two about sustaining buzz.

The shadowy source claims the Model S will receive an exterior facelift and a slight move upmarket thanks to more luxurious interior trappings.

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As promised, Tesla has revealed the tally for first-week orders of the upcoming “affordable” Model 3 electric car, and it’s good news for the company.

It’s also bad news if you ordered late and are hoping to show off your ride anytime soon.

As of today, the electric automaker has taken over 325,000 reservations on the 215-mile range Model 3, which translates into an eventual $14 billion in revenue if no one backs out. With each buyer putting $1,000 down on their order, that means Tesla just made a cool $325 million that could be used to ready the vehicle, and the company’s facilities, for production.

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Tesla founder Elon Musk wants to build a new European factory to satisfy growing demand on the continent, and France knows just the place he should do it.

French Energy Minister Segolene Royal reportedly pitched the idea of using the site of a soon-to-be-mothballed reactor to Musk, according to Reuters (via Automotive News Europe).

“He didn’t say no,” said Royal, who plans to follow-up the pitch by meeting with Tesla management.

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Tesla Motors is cranking out EVs at its fastest clip yet, but buyers who put money down on the Model 3 should still have serious questions about the timeliness of their delivery date.

In the first quarter of this year, Tesla delivered 12,420 Model S sedans and 2,400 Model X SUVs — nearly 50 percent more volume than the same period last year. The electric automaker said a parts shortage in January and February hampered Model X production, but with the issue resolved, deliveries of 80,000 to 90,000 Teslas can be expected this year.

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The wraps are coming off the hotly-anticipated Tesla Model 3 tonight, and the event will be broadcast live at 8:30 p.m. PT, 11:30 p.m. ET.

If you didn’t spent the first order day lining up around the block to put $1,000 down on the lower-priced Tesla, you can at least live vicariously through your computer screen.

Tesla founder Elon Musk tweeted yesterday that tonight’s launch is “Part 1” of the reveal, with the second coming closer to the model’s production date. This implies the Model 3 shown tonight won’t be the exact vehicle you’ll drive when it hits the market in late 2017.

It likely won’t be embryonic, either.

Watch the Tesla Model 3 launch here

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The brain trust of yet another artificial intelligence technology startup has been snapped up as automakers prepare for our terrifying, dystopian future.

That, Sergio Marchionne has a sure-fire recipe, jury selection begins in ignition trial, Tesla doesn’t need no stinkin’ successful low-priced car, and GM goes big on commercial sales … after the break!

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Is Tesla planning a Model S update that squeaks past 300 miles of range?

That, a savior is needed at Lada’s parent company, Nissan wants your future car to be everything, Ford goes all in down under, and pedestrians and cars are meeting frequently … after the break!

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The automotive and tech blogs are aflutter Saturday with news that Elon Musk has gobbled up another chunk of Tesla stock — this time at a discount.

Musk exercised and held a stock option this week that saw the multi-billionaire increase his ownership of Tesla Motors by 532,000 shares. In total, those shares are worth over $101 million as of the last closing price of $191.20/share.

Here’s where the discount comes in: Musk’s option dictated a price pegged to the share value as of Dec. 4, 2009, before the automaker went public, of $6.63/share — or just over $3.5 million.

Sounds like Elon got a stellar deal. But does any of it matter? Is owning 1/5th of Tesla a big deal?

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Tesla chief Elon Musk and more than 40 other executives called on the California Air Resources Board to release Volkswagen from its mandate to fix thousands of polluting cars in that state and instead invest that money in electric vehicles.

Musk, and other executives including Michael Brune, executive director of the Sierra Club, said regulators would more effectively reduce emissions to “cure the air, not the cars,” according to the letter:

A satisfactory way to fix all the diesel cars does not likely exist, so this solution side steps the great injury and uncertainty that imposing an ineffective fix would place on individual diesel car owners. A drawn out and partial failure of the process will only exacerbate the public’s lack of trust in the industry and its regulators. By explicit design, this proposal would achieve, in contrast, a minimum of a 10 (times) reduction in pollutant emissions as compared to a complete fix.

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Speaking at the Barron’s Investment Conference last week, Tesla CEO Elon Musk predicted EVs would be good for 500 miles per charge by 2025.

According to Green Car Reports, Musk believed such vehicles would be possible in 10 years, but tempered those expectations by cautioning that more assembly and battery production facilities would be needed to realize that future. (Read More…)

Tesla could start building cars in China within two years, which could help the automaker jumpstart sales there and increase volume for the small automaker, Reuters reported.

Tesla chief Elon Musk said the car company could cut costs on cars for sale there by one-third. Normally, foreign automakers are required to partner with domestic companies before building cars in China. For example, General Motors has partnered with SAIC Motor since 1998, who also partners with Volkswagen.

Musk said Tesla is already partnering with Baidu, China’s largest search engine, to provide GPS data.

Wait. Tesla is already partnering with China’s largest search engine company? That sounds, um, interesting.

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Speaking to Auto Express ahead of Tesla’s first European factory opening, Tesla CEO Elon Musk said internal combustion engines have hit their physical limit for efficiency and that Volkswagen engineers may have resorted to lying out of necessity.

“There must have been lots of VW engineers under pressure — they’ve run into a physical wall of what might be possible so trickery was the only option,” he told the publication. (Read More…)

Tesla owners always enjoyed rapid recharging thanks to the automaker’s Supercharger network. Soon, this privilege will be extended to other EVs.

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Tesla’s third production model, its Model X crossover, will start arriving to customers who have already ordered the car September 29, the automaker announced.

Customers for the crossover, which costs $133,000 to $144,000, began ordering options and colors for their cars that include premium sound and “ludicrous speed” modes.

The company announced it would hand over its first few cars to new owners at their headquarters in California.

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Tesla’s second stock offering netted the automaker $738 million in cash for its Gigafactory, Model 3 development, and dealer and service upgrades, Bloomberg is reporting.

Banks exercised their options to buy more stock than the initial $500 million estimate, with underwriters Morgan Stanley and Goldman Sachs buying more than 2 million of the available 3.1 million shares. Tesla CEO Elon Musk said he would be interested in buying $20 million worth of shares in the offering.

(Before the stock offering, the banking arms of Morgan Stanley and Goldman Sachs loaned Musk a combined $475 million, to which Musk pays market rate and is separate from their investment divisions, according to the offering.)

Shares of Tesla were down more than 3 percent in Thursday trading to $245. (Read More…)