Tesla has announced an upcoming update for the Model 3 called "Highland." This update will bring a revamped exterior design to the popular electric vehicle and is set to be available in 2023. The reason for the exterior refresh is to give the Model 3 a fresh new look, as it has been around for several years now. In addition, the electric vehicle landscape is becoming increasingly competitive, with many new EV sedans entering the market in 2023 that are more affordable than Tesla's current offerings. It's important for Tesla to keep its vehicles looking current and competitive in order to attract new buyers and retain current ones.

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