Tesla Launches The Standard Model 3 Vehicles

Roman Schwartz
March 16, 2019

Tesla is expected to unveil the Model Y on 14 March at the Los Angeles Design Studio at 8 pm PDT.

About a third of Tesla's recruiting team is to be laid off in the latest round of job cuts that the electric auto company has made in recent months.

"Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have made a decision to keep significantly more stores open than previously announced as we continue to evaluate them over the course of several months", said Tesla in a blog post.

Thursday's reveal comes amid a turbulent time for Tesla, as it attempts to make good on its promise of providing a cheaper Model 3 and Musk battles with federal regulators. However, is the Tesla Model Y price going to change that? However, the more expensive variants of Model 3 as well as all Model S and Model X variants will be hiked. These are stores that we would have closed anyway, even if in-store sales made up our entire sales model.

But wait, there's more: Supercharger stations with V3's new power electronics are created to enable any owner to charge at the full power their battery can take, which means no more splitting power with a vehicle in the stall next to you. The last presentation took place at the end of past year in Los Angeles.

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First and foremost, 75 % of Model Y's components is shared with the Model 3. The Model Y will have a slightly shorter range than the Model 3 despite the identical battery.

"How else can you view it except to see it as a remarkable example of lack of foresight or planning?" In a shareholder's letter from Q4 of 2018, Musk says the company would be gearing up for Model Y production and would reach volume production "by the end of 2020, most likely at Gigafactory 1". He therefore reasoned that the demand for Model y will be 50% higher than model Y.

Legal experts have said the SEC could now pursue multiple avenues, including a higher fine, imposing further restrictions on Musk's activities or removing him from Tesla's board or helm.

"If he is going to argue as his lawyers did in part in the document they filed yesterday, that he has a first amendment right to say whatever he wants, he doesn't because he gave that right up when he entered into a consent decree with the SEC over the comments that he made past year", Fox News senior judicial analyst Judge Andrew Napolitano said during an interview on "After The Bell" Tuesday.

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