Monday, 25 March, 2019

Tesla set to reveal highly-anticipated Model Y compact SUV

Tesla backs off on store closure set to hike price instead Tesla Should Not Have Lowered the Price of Autopilot Says Musk
Laurie Berry | 16 March, 2019, 14:02

Of course, building cars - and sophisticated auto software that can sense its surroundings and make the right decisions to act accordingly - is an extremely hard endeavor, one that Tesla and rival vehicle companies are still pioneering. However, this could help Tesla get more units of the Model Y out on the road, something which has been a major worry for the company with the Model 3.

Prices of the Model 3 vary, but the company recently began producing a $35,000 standard model.

Tesla Inc Chief Executive Elon Musk shot back against USA securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker's production volume did not violate his fraud settlement and he can not be held in contempt. March 14, 2019 will be the official unveiling event at the Tesla Design Studio, Hawthorne, California.

In early March, Tesla said it would lower the post-delivery price of Autopilot and the upgrade package for existing customers to $2,000 and $3,000, respectively. With the Model Y, production is expected to be initially handled by the company's Gigafactory near Reno, Nevada. Now, Tesla is doing a full "about face" and will reinstate its normal prices for its vehicles, with the exception of the base price Model 3, on Monday.

Neymar investigated by UEFA
Marcus Rashford rifled the spot kick past the PSG goalkeeper Gigi Buffon to seal a 3-1 victory and passage into the last eight. UEFA today confirmed they are launching an investigation into Neymar's comments via a statement on their website.

The SEC has apparently taken issue with a recent comment that "Tesla made 0 cars in 2011, but will make around 500k in 2019", which Musk posted on Twitter after trading hours and quickly clarified that he meant an annualized weekly volume that equates to 500,000 in a year.

Gartner analyst Michael Ramsey called the move "startling" and said it undermines the credibility of Musk and Tesla's management.

The constant fire drill that is Tesla's business model continued for yet another day as Elon Musk has now admitted that Tesla made a mistake in announcing it would slash the prices of some of its higher-end vehicles about two weeks ago. But its announcement also mentioned the Model Y, which shares the Model 3 platform.

The company said in a blog days ago: "As a result of keeping significantly more stores open, Tesla will need to raise vehicle prices by about 3% on average worldwide". What you won't see for a while, however, is the Model Y, because. He therefore reasoned that the demand for Model y will be 50% higher than model Y.

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