EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
Tesla boosted ahead of Model 3 electric car launch
  Monday 03 July, 2017
Tesla boosted ahead of Model 3 electric car launch

Shares in electric car maker Tesla have risen after founder Elon Musk said its new Model 3 car would be ready by Friday, two weeks ahead of schedule.
Mr Musk said the five-seater car - its lowest-cost vehicle to date - had passed all its regulatory tests.
"Expecting to complete SN1 [serial number 1] on Friday," he tweeted, referring to the first car off the production line.
Tesla's shares rose about 2% on Monday as investors welcomed the news.
Production should reach 20,000 cars a month by December, Mr Musk added.
The Model 3 is Tesla's attempt to break into the mass market for car drivers.

The basic model will start at $35,000 (27,000), nearly half the price of Tesla's current cheapest car.
Mr Musk has previously said his goal is to produce about 500,000 vehicles a year once production is at full capacity.
Earlier this year, Tesla overtook General Motors and Ford as the most valuable US carmaker, even though it only built 84,000 cars in 2016.
The firm was valued at $60bn on Wall Street on Monday, compared with $54bn for General Motors and $46bn for Ford.


Source: http://www.bbc.com/news/business-40484488

Bookmark and Share
 
Post Your Comments:
Name :
*
City / State:
*
Email address:
*
Type your comments:
*
Enter Security Code:   


 Latest News »
 
  Trump declares North Korea a s...
  Republican tax overhaul clears...
  Trump says he believes intelli...
  Trump cracks down on U.S. busi...
  Trump wings way to Asia to tal...
  Trump tweets condolences in NY...
  Trump sees 'great spirit' for ...
  Trump campaign spends more tha...
  Trump to resume tax cut push i...
  After Las Vegas tragedy, Trump...
  At least 20 dead, more than 10...
  How President Trump's tax plan...
  Trump praises Sen. Luther Stra...
  Trump says he's made a decisio...
  President Trump pays tribute t...
  Trump to spend weekend at Camp...
  Trump: Hurricane Harvey recove...
  Hurricane Irma forms in Atlant...
  Texas has 53,488 bridges. Here...
  Here are the worst hurricanes ...
 

Current Conditions:
Mostly Clear

<
Current Conditions:
Mostly Clear

Forecast:
Sat - Partly Cloudy. High: 61Low: 37
Sun - Mostly Sunny. High: 51Low: 39
Mon - Mostly Sunny. High: 54Low: 36
Tue - Sunny. High: 58Low: 36
Wed - Mostly Sunny. High: 58Low: 42

Full Forecast at Yahoo! Weather



Washington, DC

  2010 The Capital Post. All rights reserved.