Tesla Shows Off Its Cars’ Advantage

Image: Tesla

Tesla continues to grow despite market turmoil. Model 3 is the most economical EV to drive, preparations are ramping up for Cybercab, and the launch on the Indian market is on the horizon. Welcome to the weekly news roundup with Jowua.

Tesla Model 3 Is Most Economical to Charge & Drive EV in US

According to a recent study by Zutobi, the Tesla Model 3 is the perfect choice for those looking to save money. The cost was calculated using average US electricity rates, as they vary significantly from state to state. With an estimated cost of just $3.60 per 100 miles, the rear-wheel drive Tesla Model 3 was the most economical vehicle in the study. It is also noteworthy that the Tesla Model 3 Long Range All-Wheel Drive with the cost of $3.75 per 100 miles took second place, once again demonstrating the advantage of Tesla EVs over competitors.

A few other Teslas also made the list: Model 3 Performance was sixth with $4.34 per 100 miles, Tesla Model S Long Range was eighth at $4.35 per 100 miles alongside Volkswagen ID.3 Pure, and Tesla Model Y Long Range was ninth with $4.36 per 100 miles.

Tesla Testing Model Y in India

Ahead of its entry into the Indian market, Tesla has begun testing its cars in the country. Last weekend, a wrapped Model Y was spotted on the road again. This came just days after another test unit was spotted on the Mumbai-Pune Highway. About a month ago, Tesla began certifying Model Y and Model 3 for sale in the country as it prepares to open its first store in India in Mumbai.

Cybercab Is on the Way

As spotted by Giga Texas observer Joe Tegtmeyer, Tesla has begun big preparation for the production of Cybercab. On Monday, a drone flyover of the site revealed unique castings near the factory. Upon closer inspection, they appear to be different from those used to build Model Y and Cybertruck, indicating that they will be used to build the new model. For now, Tesla is sticking to its plan to begin Cybercab production with prototypes this summer and ramp up to volume production in 2026.

Tesla Reports Q1 2025 Earnings

Tesla reported Q1 2025 Earnings that turned out to be lower than expected. It was a tough start to the year for the company due to several factors, including the transition of all factories to production of the updated Model Y.

Total Revenues: $19.3 billion
Total automotive revenues: $13.967 billion
Total GAAP gross margin: 16.3%
Gross Profit: $3.15 billion
EPS non-GAAP: $0.27 per share
Free cash flow: $664 million