The humbucking pickups were really two single coil pickups with alnico rod magnets side-by-side.
All models in 1982 used the Fender "F" logo chrome tuners, made by Schaller in W.
The Fender Bullet One Telecaster was available only in late 1983, with production ending when the remaining stocks of USA-made Bullet One necks were used up.
This was the last Bullet One model to feature the Fender name prominently on the headstock, as well as the last Bullet One model to be made in the USA.
The new S-3 had a separate plastic guard, traditional hardtail bridge, and three single coils with a five-way switch.
All Squier Bullet Special guitars were made in Indonesia at the Cort factory.The serial numbers start with IC followed by two digits that designate the year the guitar was made.The remaining digits indicate month of production, color, and sequence. Fender also markets guitar strings under the Bullet brand.The same applies for many USA made Fender guitars made in the early 1980's such as the Fender Lead series.But once again, due to Fender’s modular production methods and often non-sequential serial numbering (usually overlapping two to four years from the early days of Fender to the mid-1980s), dating by serial number is not always precisely definitive.(https://support.fender.com/hc/en-us/articles/212774746-How-can-I-find-out-when-my-American-made-instrument-was-manufactured-) For 19 the Bullet One has been manufactured in Japan (SQ serial number pre-fix) and in 1985 and 86 in Korea (E serial number pre-fix stamped on the neck plate) and is marketed under the Squier trademark as the Squier Bullet One. These two models had a single cutaway body style similar to that of the Fender Telecaster but much closer in size to the Mustang and Duo-Sonic that the Bullet One replaced with a 21 fret rosewood neck and Telecaster-style headstock and Kluson Deluxe tuners. A.—the Bullet One Deluxe and a Bullet One standard.This particular Squier Bullet model is also distinguished by the fact that it featured a two pickup configuration, (neck and bridge) instead of the usual three pickup, a Stratocaster style neck instead of a Telecaster style neck, one output through the pickguard, 2 knobs, (one volume, one tone)and a hard tail, top-load, six piece bridge. Squier introduced a new, Chinese-made version of the Bullet in 2007, sporting a built-in tremolo arm, rosewood fingerboard, and one of six body finishes (Pink, Arctic White, Daphne Blue, Fiesta Red, Brown Sunburst, or Black) with a single-ply white pickguard.From around 1999 to 2004, Fender produced a single pickup Squier Bullet Special guitar.The pickups the same enclosed units used on the Mustang.Series 1 Bullets Ones were available in red (with a white or black pick guard) and ivory.