Musk Says Tesla Plans $25,000 Electric Car in About Three Years

Inside The Tesla Inc. Newport Beach Showroom As Model 3 Hits Target

Photographer: Patrick T. Fallon/Bloomberg

Tesla Inc. plans to manufacture a car that will cost $25,000 in about three years’ time, fulfilling an elusive long-term objective to sell a cheap mass-market vehicle, Chief Executive Officer Elon Musk said Tuesday.

“This has always been our dream from the very beginning,” Musk said at his company’s “Battery Day” event showcasing its technology. “In about three years from now, we are confident we can make a compelling $25,000 electric vehicle that is also fully autonomous.”

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Musk, 49, is teasing prospects for a cheaper mystery model without ever having really delivered on the $35,000 price point he had long promised for the Model 3. Three years after Tesla started taking orders for the car in early 2016, the CEO announced plans to close most of Tesla’s stores as a cost-saving measure, allowing

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10 Questions to Ask Before You Buy an Electric Car

If You’re Considering an Electric Car, Be Sure to Do Your Homework

Just a few years ago, many people may have never seen an electric car in person, unless they lived in a place like California where electric vehicles are popular and readily available. Now, several automakers offer compelling electric vehicles (EVs) nationwide. Today, it’s not uncommon to see a Tesla Model 3 regardless of where you live.

As electric cars become less expensive and widely available, more people are interested in buying them. There are many reasons – aside from the environmental benefits – to switch to an EV, such as superb efficiency, cheaper energy costs, less maintenance, and better overall performance. However, making the transition from gas to electric is a big step. Before you take the plunge, be sure to do your homework and ask the right questions.

We’ve compiled a list of the 10 most important

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Long Feng and Cub supply innovative Auto Parts to the World

Despite stagnant growth in the automotive global market, new technologies for self-driving cars, electric cars, and carsharing are bound to have a significant impact on the auto industry in the near future. Besides the needs of individual drivers, governments in various countries have set up regulations for energy conservation, better environmental protection, and smart safety. This has led to the increasing development and use of electronics in the automotive industry. According to Strategy Analytics, Automotive Electronics systems will represent up to 50% of the vehicle cost by 2030.

This press release features multimedia. View the full release here:

Figure 1: BSD has gradually become required automotive equipment. (True universal BSD indicator from Cub)

Increasing Demand in the ADAS Market

Due to intelligence and network trends in recent years, the global automotive industry has been fervently investing in the development of driver assistance systems. According to survey results from JD

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Senior manager of auto firm loses Rs 8L to card block fraud | Pune News

Pune: A 57-year-old senior manager of an automobile company on Monday lodged an FIR stating that he was duped of nearly Rs8 lakh in a debit card-related fraud in May.
According to the FIR, a man posing as an employee of a private bank’s Bandra branch called the complainant and told him that the bank would soon block his debit card. “He told the complainant that his fingerprints were needed to authenticate and activate his card,” senior inspector Ganesh Jawadwad of the Nigdi police said.
The suspect said the bank would be sending someone to collect the fingerprint samples. “He further asked the complainant to share his details and any messages he would receive on his mobile phone,” Jawadwad said.
Suspecting nothing, the complainant shared one-time passwords with the suspect and soon received the messages from the bank about varying amounts being debited. “The complainant raised this matter with the
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Tesla’s Elon Musk promises dramatic cuts in electric car costs, but investors must wait

(Reuters) – CEO Elon Musk outlined Tesla Inc’s TSLA.O plans to cut electric vehicle battery design and manufacturing costs so radically that a $25,000 (£19,630) car that drives itself will be possible, but the automaker’s shares slipped as Musk forecast the change could take three years.

FILE PHOTO: Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo

Musk acknowledged that Tesla does not have its ambitious new vehicle and battery designs and manufacturing processes fully complete. Tesla has frequently missed production targets.

Tesla expects to eventually be able to build as many as 20 million electric vehicles a year. This year, the entire auto industry expects to deliver 80 million cars globally.

Tesla shares, which closed Tuesday down 5.6%, fell another 4.5%

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AARP insurance review 2020: Car and home

Founded in 1958, the American Association of Retired Persons serves as a powerful advocate for senior citizens. There are 38 million members today that enjoy a host of benefits, including AARP discounts on dining, travel and entertainment. In association with The Hartford, AARP also offers car and home insurance policies. The Hartford has been in the insurance business for more than 200 years and is one of the most respected providers in the United States.

a woman sitting at a table using a laptop computer: old woman working on her computer

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old woman working on her computer

AARP auto insurance

AARP offers a full range of property and medical car insurance coverages and discounts.


  • Medical payments coverage to help pay the medical expenses of you and your passengers if you are at fault in an accident.
  • No-fault personal injury coverage to pay the medical expenses of you and your passengers. No-fault insurance pays regardless of who is at fault in an
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Automotive Test Equipment Market Size, Growth Insight, Share, Trends, Industry Key Players, Regional Forecast to 2026

Pune, Sept. 22, 2020 (GLOBE NEWSWIRE) — The global automotive test equipment market is likely to derive growth from the escalating demand for precision enhancement in automotive across the world. According to a report by Fortune Business Insights, titled “Automotive Test Equipment Market Size, Share and Global Trend by End-use (Mobile/Tablet, Based scanning tool, PC/Laptop Based scanning tool, Others), By Vehicle Type (Passenger Vehicle, Commercial Vehicle, Others), and Geography Forecast till 2026,” the market will grow considerably in the coming years due to the growing emphasis on user safety.

Automotive test equipment innovative devices used to perform quality checks on various automotive test devices. The ability of automotive test equipment to efficiently label the errors and quality ratings of the ‘devices under test’ (DUT) has created an increased adoption for these devices across the world. Automotive test equipment (ATE) is a computerized machine that can read several aspects of

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Tesla’s Elon Musk promises radically better electric car batteries at half the cost

(Reuters) – Tesla Inc TSLA.O CEO Elon Musk described a new generation of electric vehicle batteries that will be more powerful, longer lasting and half as expensive than the company’s current cells at Tesla’s “Battery Day” on Tuesday.

Tesla’s new larger cylindrical cells, called 4680, will provide five times more energy, six times more power and 16% greater driving range, Musk said, adding that full production is about three years away.

“We do not have an affordable car. That’s something we will have in the future. But we’ve got to get the cost of batteries down,” Musk said.

To help reduce cost, Musk said Tesla planned to recycle battery cells at its Nevada “gigafactory,” while reducing cobalt — one of the most expensive battery materials — to virtually zero. It also plans to manufacture its own battery cells at several highly automated factories around the world.

Tesla will produce the

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Ford, Unifor to bargain past strike deadline and keep output going

In a statement, Ryan Kantautas, Ford of Canada vice-president of human resources, confirmed that talks were ongoing.

“We will continue to work collaboratively with Unifor to negotiate a globally competitive collective agreement,” he said.

In a late Monday post on its website urging its members to stay on the job “until told otherwise,” Unifor Local 707 said the two sides were “close to the end zone.” Local 707 represents workers at the Oakville factory.

The decision to bargain beyond the deadline comes a day after The Toronto Star reported that the federal government would be willing to spend about $380 million to help the company retool the Oakville plant to build electric vehicles. Ford currently builds the Ford Edge and Lincoln Nautilus crossovers there, though Oakville is not expected to build either of them beyond 2023.

Ontario Premier Doug Ford said during a news conference Monday that the provincial government

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Ameriprise Insurance review: Car, home and life

A well-established financial institution, Ameriprise also offers auto, home and life insurance policies. It sells standard policies at middle-of-the-road rates. Ameriprise recently sold its home and auto insurance business to American Family Insurance. According to American Family, “The acquisition brings together two Wisconsin companies with similar cultures, values and customer focus.”

a car parked in front of a house: cars in a driveway in a suburban neighborhood

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cars in a driveway in a suburban neighborhood

Ameriprise auto insurance

Ameriprise gives drivers the standard selection of auto insurance coverage and discount options plus a few nice extras such as glass repair and stolen key coverage.


  • Comprehensive and collision coverage: Collision coverage pays for repairs in an accident, while comprehensive coverage applies to other types of damage or vehicle theft.
  • Liability: Liability insurance protects you if you cause damage to another driver’s car or physical injuries in a collision.
  • Rental car: You’re covered when driving a rental car.
  • Rideshare: Rideshare coverage is for
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