In the US, the Model 3 Long Range has now become fully eligible for the $7,500 federal tax credit for EVs.
Federal Tax Credit
The federal tax credit is up to $7,500 USD off at the point of sale, which applies to EVs with batteries originating from the United States. The Model 3 Performance was launched with the EV tax credit, which meant that until now, it was cheaper to purchase than the Model 3 Long Range.
Interestingly, after this change, the Model 3 Long Range is only $1,000 USD more expensive than the Model 3 Rear Wheel Drive, as the RWD model is not eligible for the credit. The LFP batteries in the RWD model are from CATL in China, and thus mark it as ineligible.
At $40,000 USD, the Model 3 Long Range is now an even better deal than before – and is nearly $7,500 less (the amount of the credit), than the average new car in the United States.
Canadian EV Credits
In Canada, Tesla dropped the Model 3 RWD price by $1,000 CAD, in response to the province of British Colombia reducing the upper limit of their EV credit MSRP range. This means that the Model 3 RWD is the only Tesla vehicle that is covered under the new BC rebate – which is one of the few provincial rebates still left standing.
Sadly, as a result of this change, and due to a weird classification gimmick, the Model Y is considered a sedan by the Government of BC and is completely ineligible for the additional rebates – but the $5,000 federal EV rebate still applies.
Tesla vehicles accounted for 80% of federal EV rebate applications in Canada in 2023, marking a net increase since last year at 60%.
FSD v12.4 has been in the works for quite a while now, with Elon Musk previously suggesting that it would arrive near the end of May.
Musk has now given us an update on the state of v12.4, saying that FSD v12.4.2 will start rolling out to employees today.
FSD V12.4.2
FSD V12.4 initially launched with V12.4.1 to select customers on build 2024.15.5, bringing the much anticipated no-nag update alongside it. V12.4.1 had some issues according to Tesla’s early access customers who received the update in early June, with lane drifting and lane selection still being issues. On the flipside, V12.4 tends to be more assertive and less hesitant in intersections and parking lots.
Elon also mentioned that FSD 12.4.2 is much smoother, but the challenge is “keeping safety high, while also increasing ride comfort.”
Although v12.4 didn’t come with Banish Autopark and Park Seek, it did include the new vison monitoring that lets the vehicle not nag you under certain conditions.
Expected Release
We just need to confirm there are no safety regressions
-Elon Musk
So, now with the new confirmation that 12.4.2 is going to roll out to internal testers and employees soon, how far away is it for customers? It looks like it may be at least a few days away at the earliest for customers that are on FSD v12.4.1, and probably at least a week away from adding additional owners, assuming that testing goes well with this upcoming build.
When asked if V12.4.2 would come to customers on the July 1st weekend, Musk said “we just need to confirm there are no safety regressions”, which means it could be closer than we expect for ordinary customers.
FSD V12.5
So, with V12.4.2 on the horizon, what in the world is happening with V12.5? And what features will it bring with it?
In terms of features, Elon previously mentioned that V12.5 is supposed to bring Actually Smart Summon, along with fleet-based vehicle communications, and further reduce the likelihood of driver interventions. It’s also supposed to be the first iteration of Autopilot and FSD that the Cybertruck will be receiving.
It was previously supposed to arrive in early July, but that estimate is clearly out of the window given how delayed V12.4 has become. We could honestly expect FSD V12.5 to arrive alongside the 8/8 Robotaxi announcement, which would be fairly fitting.
Today, alongside update 2024.20.6, Tesla has launched its new vision-based Autopark feature to vehicles with and without USS (Ultrasonic Sensors), outside of North America.
Availability
This is the first time that the vision Autopark update has come to countries outside North America, and we have confirmed that it is currently available in European countries including Spain, Germany, France, and Italy, amongst others.
It could also be available outside of Europe, but we haven’t had confirmation yet. The specific hardware of your vehicle doesn’t matter much. It’s being made available on vehicles with HW3 or higher, Intel and AMD-based vehicles and for vehicles with and without ultrasonic sensors.
However, it does require Enhanced Autopilot or Tesla’s Full Self-Driving package on your vehicle.
Vision Autopark Features
This newest iteration of vision Autopark is quite unique and comes alongside new visuals. However, High-Fidelity Park Assist is unique to AMD processors – which displays a 3D reconstruction of your surroundings. On Intel vehicles, a top-down 2D view will be displayed instead (differences between Intel and AMD Autopark visuals).
Vision Autopark is much faster than the old USS-based Autopark, and far more accurate. It can also park in tighter spots than before, being just slightly wider than the maximum width of the vehicle you’re driving.
Keep in mind that the new vision-based Autopark still functions for backing into parking spots, and for parallel parking. It does not support driving face-in to parking spots nor diagonal parking spots at this time.
This marks the first time that Autopark is available on vehicles without ultrasonic sensors outside of North America. Looking forward, given that vision Autopark has arrived for vehicles outside of North America, there is a good chance that Smarter Summon, Park Seek, and Banish Autopark will likely also come to these vehicles when it rolls presumably in an upcoming FSD release soon.
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