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Major Tesla Updates Coming: More Power, Single-Pedal Driving, Faster Supercharging

I have been listening to the Tesla earnings call multiple times to write a follow-up article to my previous article about what I would be focused on in the earnings call, and I realized that Tesla announced an amazing update for its current vehicles that seems to have gone completely overlooked based on my searching.

I have been listening to the Tesla earnings call multiple times to write a follow-up article to my previous article about what I would be focused on in the earnings call, and I realized that Tesla announced an amazing update for its current vehicles that seems to have gone completely overlooked based on my searching.

A little more than 52 minutes into the earnings call, Elon Musk was discussing Model S and X sales and added this bit of information:

“I forgot to mention, we’re also expecting there’s going to be an over-the-air improvement that will improve the power of the Model S, X, and 3. That’s, by the way, coming in a few weeks. Should be in the order of 5% power improvement due to improved firmware. Drew, do you want to say anything on that?”

Drew Baglino, the Chief Technology Officer (CTO), replies:

“Yeah, we just continue to learn how to optimize the motor control in our products. And yeah, so 5% improvement for all Model 3 customers and 3% for S and X.”

So, bonus, we should be expecting in a few weeks a small speed boost for all of the Tesla cars. But then we had the following fun dialogue between Musk and Baglino:

Musk: Yeah, and there’s also the single-pedal driving that will improve the range as well.

Baglino: Very excited about that. It’s an improvement in comfort and feel.

Musk: Yeah, it’s easier to drive. And it improves the range.

Baglino: Yes. And faster Supercharging.

Elon: Faster Supercharging, yeah.

Baglino: For Standard Range and Standard Range Plus customers, which is a big deal.

I think this states just how stunning Tesla’s earnings are that it seems that these announcements were almost completely overlooked. Tesla just announced that it is boosting the power, introducing a new single-pedal driving mode, and enabling faster Supercharging for a huge percentage of Tesla Model 3 owners — and it was essentially an afterthought.

As a shareholder, the above news doesn’t do much to impact my thoughts on the earnings call. But, as a Tesla owner, this is hugely exciting.

(As a quick aside, I test drove a newer Nissan Leaf before getting my Model 3, and the single-pedal driving mode was my absolute favorite thing about that car, and something I’ve been wishing Tesla would enable as an option for the Model 3 ever since. The fact it may even improve range? Perhaps this is why I’m so excited that I got out of bed when I realized just what was said to type this up tonight! Editor’s note: The article was submitted last night, but publishing was delayed due to other content.)

 
 
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A businessman first, the Frugal Moogal looks at EVs from the perspective of a business. Having worked in multiple industries and in roles that managed significant money, he believes that the way to convince people that the EV revolution is here is by looking at the vehicles like a business would.

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