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On Sunday, Tesla CEO Elon Musk said the company would start delivering the $35,000 base model of the Model 3 three-to-six months after hitting a production rate of 5,000 Model 3s per week. In early May, Tesla said it was aiming to produce 5,000 Model 3s per week "in about two months" during its first-quarter earnings report. If Tesla had shipped the base model immediately, it would "lose money & die," according to Musk. On Sunday, Tesla CEO Elon Musk explained why the automaker hasn't made the $35,000 base model of its Model 3 sedan available... [Read More]
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Tesla CEO Elon Musk announced the final details of the dual-motor, all-wheel drive version of the Model 3 over the weekend, including a top-of-the-line variant that is more expensive than a base-level Model S or X. While we've known for a long time that these were coming, this is the most clarity Tesla's offered yet about specs, pricing, and options. Taken one way, it's a sign Tesla is working through the early production struggles of the Model 3 and is ready to start offering more diverse options, much like it does with the Model S or X. But... [Read More]
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We break down the OnePlus 6 review, talk about Elon Musk's bold underground transit plan and discuss how Amazon deals with supersized packages. [Read More]
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Tesla shares rose to their highest in more than a month as one analyst said he expect them to soar more than 70%. There was another boost from Elon Musk, who gave more details about an amped-up version of the Model 3. [Read More]
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Elon Musk revealed two new variants on the Tesla Model 3 last night on Twitter. Both will feature a powerful new dual-motor system and all wheel drive. [Read More]
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A $1 trip on his futuristic ride seems too good to be true. [Read More]
U.S. consumer bible Consumer Reports stopped short of recommending Tesla Inc's Model 3 electric car on Monday, criticizing it for its braking and taking the shine off a day of gains for shares in billionaire Elon Musk's venture. [Read More]
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But it kind of makes sense... [Read More]
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Tesla shares jumped more than 4 percent Monday after Elon Musk revealed a new, $78,000, souped-up version of the electric-car maker's mass-market Model 3 sedan. The fully-loaded Model 3 will go from zero to 60 mph in 3.5 seconds — more than a half-second sooner than the basic, $35,000 Model 3, Musk announced Sunday on... [Read More]
Dear God please just stop with the comparisons. Remember what happened to Elizabeth Holmes, the *other* second coming of Steve Jobs? [Read More]
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Elon Musk revealed specifications for two dual motor all-wheel-drive versions of the Model 3. The higher performing version will hit 60 mph in 3.5 seconds. [Read More]
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Musk detailed The Boring Company's Loop, a mass transit system that will carry 16 people and travel at 150 miles per hour through a tunnel. [Read More]
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Thomas Small, Culver City mayor, discusses why the Los Angeles traffic solution proposed by Elon Musk's The Boring Company may not be the best choice for residents of his city. [Read More]
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This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. The Boring Company, an infrastructure and tunnel construction firm founded by Elon Musk, reportedly plans to build a mass transit tunnel system beneath Los Angeles, according to Engadget. As part of the proposed mass transit system, electric shuttles would be able to transport up to 16 passengers at 150 mph from downtown Los Angeles to Los Angeles International Airport. The Boring CompanySee the rest of the story at... [Read More]
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It's so quiet in here. [Read More]
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Tesla came it at number 260 on the 2018 Fortune 500 list this year, up 123 spots from last year. Separately, investment bank Berenberg gave the company a new price target of $500, citing Model 3 margins. Follow Tesla's stock price in real-time here. Shares of Tesla gained more than 4% Monday, reversing course from a rough previous week and erasing some of their mounting losses for 2018 so far. In just its second year as part of the Fortune 500, Tesla gained 123 spots to reach number 260 on the 2018 list, published... [Read More]
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Tesla CEO Elon Musk revealed specifications for a $78,000 version of Model 3 compact car with faster acceleration, longer battery range, improved handling and slicker interior than the base model. The car technically carries a starting price of $35,000, but that version's not available.        ... [Read More]
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The billionaire entrepreneur's LA Loop spectacle left me dazzled and confused. [Read More]
Elon Musk took to Twitter on Saturday to announce a $78,000 version of the Tesla Model 3. The Tesla Model 3 was originally revealed in 2016 as a $35,000 mass-market vehicle. Tesla needs an influx of revenue, and a very expensive trim level of the Model 3 will help. Tesla CEO Elon Musk wasn't sufficiently distracted over this past weekend by the royal union of Meghan and Harry to avoid tweeting out some illuminating news about his carmaker's newest effort to arrest a stock slide. Say hello to the performance-spec of the Model 3,... [Read More]
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Reuters/Jason Lee If Tesla can achieve its targeted profit margin for the Model 3, its stock will hit $500, Berenberg said Monday. The electric-car maker currently takes a loss on each of the sedans, but is hoping to make them profitable this quarter. Follow Tesla's stock price in real-time here. Tesla's Model 3 could save the electric-car maker from its recent financial woes, one analyst said Monday. Alexander Haissl, an analyst for German investment bank Berenberg, says shares will hit $500 — 80% above where the stock was set to... [Read More]
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