Tesla Privately Previews Updated Model 3 Performance Ahead of Official Launch

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Today on Critical Materials: Leaked video of Tesla's Private Model 3 Ludicrous event, Americans want cheaper cars, and Canoo is in hot water.

The facelifted Model 3 Highland has been making the rounds online lately following its abrupt launch. Despite slower-than-normal deliveries, Tesla is still pumping out its refreshed sedan, and will soon have a matching facelifted Performance model to complement it. Welcome to Critical Materials, your daily roundup for all things EV and automotive tech. Today, we've got Tesla on the menu as it privately previews the Model 3 Performance Ludicrous ahead of launch.

Cox Automotive also predicts that consumer demand for EVs may have cooled off. The firm notes that consumers are still weary of purchasing battery-powered cars. This is notably due to the lack of charging infrastructure and high prices, the latter of which the industry fears could be filled by cheap Chinese EVs. Instead, consumers have found in favor of hybrids, which have been steadily gaining sales partly thanks to a price tag similar to their gas-powered equivalents.

 

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