July 26, 2017

Elon Musk Tweets Photos Of New Tesla Model 3, Production Underway

11 July 2017, 12:45 | Candice Butler

The first production of the much anticipated Model 3 from Tesla is seen in a snapshot shared by the company’s CEO Elon Musk

The first production of the much anticipated Model 3 from Tesla is seen in a snapshot shared by the company’s CEO Elon Musk

In March, a total of 2,939 Tesla vehicles were registered, and approximately 3,700 were recorded for the first quarter of 2017.

From what was seen at Tesla's first reveal of the Model 3, the car's dashboard is reminiscent of a computer terminal, like the ones on the Model S and Model X.

Many in the industry took the intense interest as a sign that consumers were finally willing to embrace more environmentally friendly vehicles. But not everyone needs an electric auto that has a range like the Bolt, if they're only going to use it for a 10-mile commute to work every day.

Also last week, Volvo became the first traditional automaker to electrify its entire lineup, with every vehicle coming with at least one electrified motor either in addition to or in place of the internal combustion engine by 2019. "At the end of the day, when people love something, they buy it", the spokesperson said. The question for Musk is whether his company will continue to lead the movement it helped spark.

"A great PR and morale booster would be to have a lottery of factory workers who have reserved the model 3 and deliver their cars".

Tesla's Gigafactory in Reno, Nevada will play a key role in Tesla's lofty vehicle production plans.

Fireworks at Hersheypark spark brush fire
Hersheypark apologized for the cancellation, and the town thanked its fire department for containing the fire so quickly. The department has been looking for violations since Saturday and had three two-officer teams working Tuesday night.

Musk shared some snaps of the shiny Model 3 over the weekend, after it rolled off the production line on Friday. All this makes the Model 3 an everyday vehicle. It's an aggressive schedule that will more than double Tesla's total production rate in six months, and then quintuple it by the end of next year. One of those additions, an advanced cruise-control technology marketed as Autopilot, seemed to promise drivers a taste of a future where vehicles can drive themselves. Musk accepted that several customization options that went into the Model X made it too complex. Up until this year, access was free for the vehicle.

The first drive of a Model 3 test auto in March. But this is not for Ehrenpreis to use; rather this Tesla Model 3 will serve as his 46 birthday gift to Musk which the latter acknowledge on his Twitter account.

Tesla added that it believes the Hong Kong market will be strong in the long-term, saying "it's to be expected that demand will be impacted in the period immediately following the change".

Musk has said he does not anticipate production problems with the Model 3. The door handles, for example, look like the handles of any modern vehicle until you move closer and realize they lay flat against the sides of the auto, a design cue taken from the Model S and Model X.

The Gigafactory is already producing batteries, but it won't be fully operational until 2020.

In other Tesla news, insider Jeffrey B. Straubel sold 109,100 shares of the company's stock in a transaction that occurred on Tuesday, May 9th. The stock of Tesla Inc (NASDAQ:TSLA) has "Underweight" rating given on Tuesday, April 19 by JP Morgan. The company has not updated that figure, though analysts have estimated it is now somewhere between 400,000 and 500,000.

Other News

Trending Now

'I was devastated': Blac Chyna speaks out after Rob Kardashian leaked photos
Chyna said , "I'm just going to get back to co-parenting Dream ", referring to her daughter with Kardashian born last November. The 29-year-old model said she was shocked when Kardashian , 30, posted nude photos of her on his Instagram account last week.

BJP leaders welcome GST, praise Modi government
The biggest ever tax reform GST is expected to rewrite the rules of business, while reducing the burden on the common man. President Pranab Mukherjee also termed the launch of Goods and Services Tax (GST) to be historic.

Kentavious Caldwell-Pope Rights Renounced by Pistons, SG Will Become UFA
ESPN's Adrian Wojnarowski went on to indicate that the Brooklyn Nets are a prime potential landing spot for KCP . Here's a team that had hard-capped itself, even with Caldwell-Pope still on the restricted free agent market.

President Trump Travels To Poland
Poland has been particularly concerned about the perceived Russian threat. "Now is the time for allied solidarity", Wilczek said. White House officials said the speech would spell out, in broad terms, Trump's vision for transatlantic ties.

Illinois House Takes Step to Ending Budget Impasse
Democrats, who have large majorities in the Legislature, argue that Rauner's demands are an attack on the middle class. Bruce Rauner , overwhelmingly approved a $36.5 billion spending plan on a preliminary vote.

AAA Michigan: Statewide average gas prices down 6 cents
Only Oklahoma, Illinois, and Washington, D.C. saw prices increase, albeit by one cent each, while Hawaii and ME remained flat. For the first time in the site's 17-year price tracking history, prices for the holiday will be lower than New Year's Day.

Heather Watson feels confident with her game after impressive victories
Now ranked 102, Watson will climb back into double figures after a superb performance against the fast-rising Sevastova, who won the warm-up tournament in Majorca.

Lewis Hamilton edges Max Verstappen in opening practice for Austrian Grand Prix
Verstappen was the first to set a time as he enjoyed a bright start to the morning, and he quickly set about improving on it. Tyres are a bit different, warm-up doesn't seem to be so bad, so it's quite a big gap [between compounds].

U.S. adds 222000 jobs in June, keeping Fed on course
The broad-based S&P 500 rose 0.3 percent to 2,417.58, while the tech-rich Nasdaq Composite Index advanced 0.6 percent to 6,125.02. Underemployment, which measures people who want to be working full-time but are not, rose to 8.6% in June from 8.4% in May.

Trump warns that the West is fighting for its survival
The question now is whether "we have the confidence in our values to defend them at any cost", he said . But when Trump talks about Western values, it's really the West that should be offended.