A number of Tesla Model 3 owners have reported an “Acceleration Boost” appearing as an upgrade in their Tesla accounts. This has the potential to raise values for used owners as a further improvement to their Tesla; however, it can also potentially be detrimental to owners of certain configurations.
A mysterious “Acceleration Boost” upgrade has appeared in the fine print of the Upgrades page, indicating that it will require software update 2019.40.2. The update is imminent and should be released before the end of the year. Source code reveals that the upgrade is expected to cost $2,000; potentially, this could be a bargain for quicker acceleration time relative to the cost of the various configurations.
Originally, the “Acceleration Boost” was reported as being available for Model 3 Long Range All-Wheel Drive owners. This would make sense, as Long Range All-Wheel Drive owners have been requesting a paid upgrade to bring their acceleration time in-line with the Performance model. Technically, an upgrade would be possible since Performance models uses the same motors but it may not match the 3.2 second 0-60 time of the Performance model as motors for the Performance models are “cherry-picked” for maximum power output.
We have received various reports from owners of the Performance and “sleeper” Performance (Model 3 Performance without the aesthetic Performance upgrades and wheels) models that they are also seeing the fine print for the Acceleration Boost appear in their respective Tesla accounts. It’s a possibility that this will also be offered for Performance models as a “Ludicrous”-type upgrade that brings the 0-60 time under 3 seconds, but this has yet to be confirmed.
For this to be a paid upgrade, we would speculate that the boost provided will be ~ 10-20%. Otherwise, Tesla would have likely added it free via a software update as they have already increased power output 5% for all Model 3 configurations twice this year.
Long Range All-Wheel Drive owners should look forward to the upgrade because it can raise the value of their Model 3, even if they opt not to add it themselves. Subsequent owners will have the option to add it via their Tesla accounts. A price of $2,000 is fair and in-line with the cost of the sleeper Performance models.
Model 3 Performance owners should be slightly weary of the upgrade, as it will have a negative impact on resale value assuming that it isn’t available for their vehicles.
We think it’s more likely that this will be an upgrade for Long Range All-Wheel Drive owners, but if it is available for Performance vehicles it also has the potential to raise values as every millisecond counts for prospective Performance buyers. Essentially, a Performance Boost has the potential for Long Range All-Wheel Drive configurations to match (or come close to matching) the 0-60 time of the Performance models.
Sleeper Performance owners shouldn’t be too concerned, as the net cost for an All-Wheel-Drive Model 3 with the Performance Boost upgrade is actually $500 more than the cost to purchase a sleeper Performance model today. However, “sleeper” Performance models will be less rare and thus less valuable in the off-chance that the Performance Boost does match the 3.2 second time of the Performance models.
Either way, we should know before the end of the year exactly what the $2,000 Performance Boost option adds and which configurations it will apply to.
We find it’s much more accurate to determine the value of a Tesla based on its features and build date rather than the model year. Please feel free to contact us at email@example.com for an up-to-date NPV (net present value) on your Tesla.