This Week in Tesla - Tesla Leaks then Releases ‘Acceleration Boost’ Upgrade, TSLA Stock Hits Record High

Tesla Leaks then Releases ‘Acceleration Boost’ Update

On Wednesday, in fine print on the ordering page for a dual motor, long range, Tesla Model 3, there was a mention of a $2,000 “Acceleration Boost” upgrade which caused many people to speculate that there was going to be an upcoming option for existing and new Model 3’s to boost one’s car’s acceleration from a 4.4 second to a 3.9 second 0-60. The next day, Tesla fully released the upgrade and now all current Model 3 dual motor owners can upgrade their car’s acceleration. This is a big step for Tesla as we can now see that the acceleration can be adjusted by the company through software rather than hardware. Although they have been software limiting range and power for a long time, if they had one universal battery and motor skateboard platform which they produced, they could then just make all enhancements software-oriented which would allow them to simplify production.

TSLA Hits an All Time High and Shapes Up for Record Quarter

While New Year's resolutions bring (although likely temporary) change to one’s life, the New Year also brings financial changes and goals for companies, and Tesla is no exclusion. As of the time of writing, TSLA stock currently stands at $402.16 which means that Tesla is gaining steam going into the end of the fourth quarter and the start of the New Year. This also means that a lot of the shorts who bet against TSLA are losing money now as people think that Tesla is moving towards another profitable quarter which would drive the stock even higher. The stock took a dip earlier this quarter after the Cybertruck was unveiled and shortly recovered after it was announced that they had received 200,000 orders. With Tesla about to take over the Chinese market and the growing stability in the US, it would not be wrong to expect even more growth in the stock price.

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