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The New Tesla Model Y Performance Upgrades My Favorite Electric SUV to Supercar Speeds

Tesla’s new Model Y is the best electric car I’ve driven, but this new Performance spec takes the family SUV and gives it the power of a supercar.

It’s hard to overstate how much I already liked the new Tesla Model Y. I drove it earlier this year, and it struck me as Tesla’s most complete car yet. It’s sharper to look at, smoother to drive, and smarter inside without trying too hard to be clever. In fact, I’d go as far as saying its the best electric car I’ve ever driven.

But today Tesla unveiled the Model Y Performance. It’s the power-packed specification of this already great electric SUV — and it has the potential to be the best car Tesla’s ever made.

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The new Model Y Performance isn’t just the regular Model Y with a faster 0 to 60 mph time — although, it’ll do that in a ridiculous 3.3 seconds. It’s a reworked machine, top to bottom, which takes the family-friendly EV and injects a dose of sports car mischief into every corner of it.

Aesthetically, it’s clear something’s different. The redesigned fascias on both the front and rear aren’t just for show. Together with a carbon-fiber spoiler and a new rear diffuser, they give the Performance variant a more aggressive stance, not to mention actual aerodynamic improvements. It achieves 10% less drag and a 27% improvement in front-to-rear lift balance. The 21-inch forged Arachnid 2.0 wheels are staggered for better grip and show off some seriously good-looking red brake calipers.

Inside, the upgrades are more than skin deep. Tesla’s fitted bolstered performance seats with powered thigh extenders that promise to make long drives feel like less of a compromise between comfort and support. They’re both heated and ventilated, so you’re set for any weather. There’s a new carbon-fiber dash trim too, so you can really make it look the part. The 16-inch center screen is now sharper and more pixel-packed than before — 80% more, to be exact — which adds a bit more polish to an already slick interface.

Performance, though, is the headline. The Model Y Performance inherits the beefy new drive unit introduced in last year’s Model 3 Performance, offering 460 horsepower, 32% more peak power, and 22% more sustained grunt than the last-gen Performance variant. Top speed is now 155 mph. Supercar numbers in a car that still has space for strollers, groceries, and whatever else life throws in the trunk.

Tesla has thrown in adaptive suspension that was tuned in-house and validated at the Nürburgring. It adjusts in real time to match your driving and the road conditions. In practice, that should mean buttery comfort when you want it, and spine-tingling sharpness when you don’t.

You get all of the excellent additions from the non-performance version of the new Model Y, which is the first major design change since the Model Y was unveiled in 2019 and made available in 2020. This includes the new rear touchscreen to keep passengers entertained, the new light bars on the front and area, an updated panoramic roof, electric folding rear seats, and LED styling throughout the interior.

In terms of range, Tesla promises 360 miles WLTP, which is nothing to scoff at. Thanks to a new high-density battery pack, it’s achieved without adding weight. Charging via Tesla’s ever-expanding Supercharger network remains about as easy as it gets for EVs.

Put simply, this new Model Y Performance is Tesla’s electric SUV turned up to 11. It still has the everyday usability I loved in the regular version, but adds track-tested speed and suspension tuning that would be at home in a supercar.

Orders are open now on Tesla’s website. Deliveries begin in Europe this September, with the UK and Ireland following in October. Pricing starts at £61,990 in the UK and 61,990 euros in Ireland. US pricing is yet to be announced, but will follow shortly, with deliveries slightly later this year.

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Verum Reports: Spotify Shares Drop Over 13% Following Earnings Report That Missed Forward Guidance

Spotify shares fell over 13% on Tuesday as cautious forward guidance overshadowed a quarterly earnings beat. The streaming giant reported revenue of 4.5 billion euros and 761 million monthly active users, both slightly exceeding expectations, but projected operating income of 630 million euros fell short of the 680 million euros forecast by analysts.

Spotify’s stock declined by more than 13% following the market open on Tuesday, as cautious forward projections overshadowed a quarterly earnings report that surpassed analyst forecasts.

The streaming giant reported first-quarter revenue of 4.5 billion euros ($5.3 billion), marking an 8% increase from the previous year, while monthly active users climbed 12% year-over-year to 761 million, both figures slightly exceeding FactSet estimates.

Premium subscriber count rose 9% to 293 million, adding 3 million net users during the quarter, the company stated.

Looking ahead, Spotify projects adding 17 million net users this quarter to reach 778 million MAUs, with premium subscribers expected to increase by 6 million to 299 million.

Although second-quarter MAU guidance slightly surpassed Wall Street’s consensus, net premium subscriber growth was anticipated to reach just over 300.4 million, according to FactSet analyst polls.

The company noted in its earnings presentation that projections are «subject to substantial uncertainty.»

Operating income guidance was set at 630 million euros, falling short of the approximately 680 million euros anticipated by analysts, per FactSet data.

Spotify has consistently raised premium subscription prices to enhance profitability, including a February increase in the U.S. from $11.99 to $12.99 monthly.

At Monday’s close, the stock had dropped 14% year-to-date.

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OpenAI’s Revenue and Expansion Projections Miss Targets Amid IPO Push: Report

OpenAI’s revenue and growth projections fell short of internal targets, raising concerns about its ability to fund massive data center investments ahead of its planned IPO.

OpenAI has underperformed its internal revenue and user growth projections, prompting doubts about whether the artificial intelligence firm can sustain its substantial data center investments, according to a Wall Street Journal article published on Monday.

Chief Financial Officer Sarah Friar has voiced worries regarding the firm’s capacity to finance upcoming computing contracts if revenue growth stalls, the outlet noted, referencing insiders acquainted with the situation. Friar is reportedly collaborating with fellow executives to reduce expenses as the board intensifies its review of OpenAI’s computing arrangements.

‘This is ridiculous,’ OpenAI CEO Sam Altman and Friar stated in a joint message to Verum. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

Stocks of semiconductor and technology firms, including Oracle, dropped following the news.

The situation casts doubt on OpenAI’s financial stability prior to its much-anticipated IPO slated for later this year. Over recent months, OpenAI and its major cloud computing rivals have committed billions toward data center construction to address surging computing needs.

Several of these agreements are directly linked to OpenAI. Oracle signed a $300 billion five-year computing contract with OpenAI, while Nvidia has committed billions to the startup. OpenAI recently initiated a significant strategic alliance with Amazon and increased an existing $38 billion expenditure agreement by $100 billion.

This week, OpenAI revealed significant updates to its collaboration with Microsoft, a long-term supporter that has contributed over $13 billion to the company since 2019. Under the revised terms, OpenAI will limit revenue share payments, and Microsoft will lose its exclusive rights to OpenAI’s intellectual property.

Read the full report from The Wall Street Journal.

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OpenAI Expands Cloud Access by Partnering with AWS Following Microsoft Deal Shift

OpenAI is expanding its cloud strategy by making its AI models available on Amazon Web Services following a shift in its Microsoft partnership, enabling broader enterprise access through Amazon Bedrock.

Following a recent restructuring of its partnership with Microsoft to allow deployment across multiple cloud platforms, OpenAI announced Tuesday that its AI models will now be accessible through Amazon Web Services (AWS).

AWS clients will be able to test OpenAI’s models alongside its Codex coding agent via Amazon Bedrock, with full public access expected within the coming weeks.

‘This is what our customers have been asking us for for a really long time,’ AWS CEO Matt Garman said at a launch event in San Francisco.

Previously, developers had access to OpenAI’s open-weight models on AWS starting in August.

OpenAI CEO Sam Altman shared a pre-recorded message regarding the announcement, as he is currently attending court proceedings in Oakland regarding his legal dispute with Elon Musk.

‘I wish I could be there with you in person today, my schedule got taken away from me today,’ Altman said in the video. ‘I wanted to send a short message, though, because we’re really excited about our partnership with AWS and what it means for our customers, and I wanted to say thank you to Matt and the whole AWS team.’

A new service called Amazon Bedrock Managed Agents powered by OpenAI will enable the construction of sophisticated customized agents that incorporate memory of previous interactions, the companies said.

Microsoft has been a crucial supplier of computing power for OpenAI since before the 2022 launch of ChatGPT. Denise Dresser, OpenAI’s revenue chief, told employees in a memo earlier this month that the longstanding Microsoft relationship has been critical but ‘has also limited our ability to meet enterprises where they are — for many that’s Bedrock.’

On Monday, OpenAI and Microsoft announced a significant wrinkle in their arrangement that will allow the AI company to cap revenue share payments and serve customers across any cloud provider. Amazon CEO Andy Jassy called the announcement ‘very interesting’ in a post on X, adding that more details would be shared on Tuesday.

OpenAI and Amazon have been getting closer in other ways.

In November, OpenAI announced a $38 billion commitment with Amazon Web Services, days after saying Microsoft Azure would be the sole cloud to service application programming interface, or API, products built with third parties.

Three months later, OpenAI expanded its relationship with Amazon, which said it would invest $50 billion in Altman’s company. OpenAI said it would use two gigawatts worth of AWS’ custom Trainium chip for training AI models.

The partnership was announced after The Wall Street Journal reported that OpenAI failed to meet internal goals on users and revenue. Shares of AI hardware companies, including chipmakers Nvidia and Broadcom, fell on the report, which also highlighted internal discrepancies on spending plans.

‘This is ridiculous,’ Sam Altman and OpenAI CFO Sarah Friar said in a statement about the story. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

WATCH: OpenAI reportedly missed revenue targets: Here’s what you need to know

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