Tesla CEO Musk officially unveils Model 3 in California
Tesla CEO Elon Musk unveiled the Model 3 electronic car’s first thirty production units, all for company employees, in front of hundreds of people and journalists amid a big roar of applause at a production facility in Fremont, California, on Friday.
The Model 3 e-car is being touted as the first “mass-market” vehicle, with starting price of $35,000. With a tax credit of $7,500, the price will further fall to $27,500.
However, the top version of Model 3 with every premium option will cost nearly $60,000. It will sprint from zero to 60 miles per hour in 5.6 seconds, with a top speed of 130 miles per hour.
It will come equipped with 8 cameras, forward radar and 12 ultrasonic sensors that will help it in avoiding collisions and carrying out automatic emergency braking. The ability to support Enhanced Autopilot, which is the company’s second-generation Autopilot system, will be another notable feature of the new vehicle.
The premium version will have a range of 220 to 310 miles and will boast to have the utmost safety ratings in all categories.
More than 500,000 reservations for the Model 3 have already been placed. Customers who place orders now can expect to receive the e-car by the end of next year.
European Commission President Jean-Claude Juncker’s proposal to expand Eurozone by bringing more countries into it has triggered controversy, mainly in Germany, where Chancellor Angela Merkel is seeking re-election.
Wall Street soared to record highs on Friday, thanks to robust trading in telecommunication shares as well as bouncing back of technology shares after a couple of days of declines.
The European Union’s effort to increase tax on turnover of technology multinationals like Google and Amazon gained momentum as nearly one third of EU states are now in support of the plan, French Finance Minister Bruno Le Maire said on Friday.
Stock price of electric vehicle maker Tesla gained more than 3 per cent on Thursday, after the company’s founder and CEO Elon Musk confirmed plans to introduce an electric semi-truck.
Bitcoin suffered its steepest decline since January 2015 on Friday after a senior executive of China’s state-backed internet finance body said the controversial digital currency could pose risks because Bitcoins and other cryptocurrencies could be
Cupertino, California-based Apple Incorporated has quietly increased prices for the 256GB and 512GB models of its iPad Pro by $50, MacRumors reported.