According to the report made by Wall Street Journal, Elon Musk’s company SpaceX Corporation is planning to hold a fundraiser with the estimated goal of 500 million dollars. The raised assets will be spent on the satellite program of the company which aims to spread high-speed Internet in the distant areas all over the world.
Meanwhile, the satellite system, Starlink, is just an intermediary step towards the ultimate goal of Elon Musk – launching a rocket which will transport people to Mars and back.
The funds are going to come from all existing investors of SpaceX, joined by the major investor of Musk’s Tesla, Baillie Gifford & Co. The price of the share during the fundraiser is going to be 186 dollars.
Recall that last Friday there was a presentation of a younger crossover – Model Y in the design studio of Tesla company. The new car was perceived ambiguously, some fans expected the crossover to have more differences from the compact Model 3 sedan. Although it was quite expected since the characteristics of Model Y have been known for a long time.
It is also known that the next presentation, which Elon Musk will carry for Tesla, will concern a car with a completely new design – an electric pickup, which does not have a name yet.
Just recently, Musk confirmed that the new pickup will have a very futuristic design that he personally likes very much. Literally, right after the presentation of the compact crossover, Elon posted a teaser for new pickup on Twitter.
Usually all news about Tesla is divided into news of Elon Musk posting something strange or controversial on Twitter and the actual news on Tesla vehicles. Furthermore, if a price drop of Tesla shares is observed, it is usually connected to the first category of news.
However, this time it seems like Elon Musk didn’t post anything to send the share price into the downfall direction, people just didn’t quite enjoy the newly announced Tesla Model Y.
Elon Musk has strongly decided to make his vehicles more accessible to larger amounts of people, thus establishing much lower prices for Tesla’s later releases. Model Y is his third attempt to enter the car mass market. So what could have disappointed the community so much that it made TSLA price plummet down?
So why wasn’t Tesla Model Y welcomed warmly?
There are two main factors which could have influenced the situation with the shares. Firstly, it is the price of Tesla Model Y. Although it was presented as a more affordable, mass market vehicle, its cost remains unbelievably high.
The starting price of the cheapest, standardized version of Model Y is 39 thousand dollars, while the long range one and Model Y Performance will retail for 47 and 60 thousand dollars correspondingly. Moreover, this is the cost of a bare car, extra details and features will add to the price significantly.
Many experts argue that despite the fact the price of Tesla Model Y is much higher than the similar SUVs, and not everybody believes that this cost is justified.
As we have already mentioned in our review of Model Y, this car shares 70% of details with its predecessor Model 3. The design of the two vehicles is also pretty similar.
Many people were displeased with the fact that Tesla hasn’t added any brand new features to their new car. Model Y looks just like an upgraded version of Model 3, so many people don’t see the need to purchase it.
Thus, these two factors summed up and resulted in an almost 5% drop of Tesla share price.
Not much time has passed since the electromobile company Tesla put out its long-awaited Model 3 on sale, and now we hear another loud announcement from Elon Musk. Tesla has introduced the 5th vehicle in its line and the 2nd mass-market car during the conference in Los Angeles – Model Y.
The new cars will be available for sale either in the spring of 2020 or in the autumn of 2021. As usual, the customers will be able to choose between the two versions of the car: a standardized one and a long-range one, plus there is a bonus.
The former (standard version) is able to travel 230 miles without a recharge. It accelerates from 0 to 60 miles per hour in 5.9 seconds, its maximum speed is 120 miles per hour. This is the cheapest car among the others, the starting price is 39 thousand dollars. However, the vehicle will be available for sale only in 2021.
The long-range Model Y is capable of travelling 300 miles without a recharge, takes 5.5 seconds to reach a speed of 60 miles per hour, and the maximum speed is 130 miles per hour. It is going to retail for 47 thousand dollars. It will be the first car to come out, you will be able to purchase it in 2020.
Moreover, Tesla announced its more upgraded development – Performance. This Model Y Tesla can accelerate from 0 to 60 miles per hour in only 3.5 seconds. Its maximum speed is 150 miles per hour and it will travel 280 miles without a recharge. This car will retail for whopping 60 thousand dollars and will also be put on sale in 2020 together with the long-range Model Y.
The design of Model Y is pretty similar to Model 3, furthermore, these two vehicles share 70% of the same technological components.
Elon Musk is quite proud of his brand new “child”.
“It has the functionality of an SUV, but it will ride like a sports car. So this thing will be really tight on corners,” he said.
Tesla’s CEO also claimed that Model Y is going to be the safest midsize sports utility vehicle, which will definitely provide for high evaluation from the customers. We will have to see about that given the fact that Musk said similar things about Model 3, and one of such cars got involved in a serious car accident only a few days after it had been put out for sale.
American business magazine Forbes has updated its annual list of the wealthiest people in the whole world, stating that, in overall, the amount of billionaires has dropped as no one is “immune to economic forces and weak stock markets.” Nevertheless, let us look how much money the ultra-rich and just rich are in possess right now.
The list is topped by the CEO and founder of Amazon – Jeff Bezos, the estimated amount of money accounts for $131 billion. His fortune has swelled by $19 billion in just one year, making him the richest person in the universe for the second time in a row.
The second place was occupied by the principal founder of Microsoft – Bill Gates, his fortune is estimated for $96,5 billion. Gates has become the wealthiest person for 12 times, his riches has grew up by approximately $6 billion in compare to 2018.
The top three ultra-rich people is closed by Warren Buffet – the world-known investment guru. The most successful investor of all the time possesses $82,5 billion. Interestingly, he claimed that he would donate 99% of his fortune.
The top ten of the world’s billionaires list:
The list also includes Mark Zuckerberg ($62,3), who has been battling with privacy problems on Facebook; Jack Ma ($37,3) took #21 position, in September 2018, he announced he would resign as Alibaba’s executive chairman; Elon Musk placed #40 with the fortune of $22,3 billion, even though he had some problems with the SEC earlier this year, his company SpaceX was valued at $20 billion.
The youngest self-made billionaire became Kylie Jenner, at the age of 21, her net worth is estimated at $1 billion. She owns 100% of her own company – Kylie Cosmetics, with the annual income of $360 million.
In general, this year’s list is 55 fewer billionaires than it was last year, the most since the economic crisis in 2009. Nonetheless, 195 newcomes made them to the list. The future is unpredictable that is why let us together see what happens next.
The latter variant is of course much much worse, but, unfortunately, today it is exactly the topic that we will talk about.
The US National Transportation Safety Board together with the National Highway Traffic Safety Administration is currently investigating a horrible accident that happened on March 1 in the state of Florida.
The police report claims that the Model 3 Tesla crashed into the trailer behind a semi truck when it was moving to the left lane. The crash killed the driver of Tesla almost instantaneously.
It has not yet been established whether the vehicle was moving on an Autopilot mode or not, but the law enforcement agencies state that it is quite a possibility.
Although hundreds of car crashes happen all over the world, and the percentage of them involving Tesla vehicles is really small, the most disturbing thing is that most of Tesla crashes happen when the car is moving on Autopilot, and the driver basically has no control over the car.
Certainly, the driver can switch off the Autopilot anytime, but in case of an accident it is a matter of seconds, and most of the time the crash victims wouldn’t possibly have any time to get the control over the car back.
The scary thing is that Tesla claims that their Autopilot cars are perfectly safe. This is the tweet of Elon Musk, published at the beginning of the year.
However, Elon Musk is famous for posting stuff about Tesla, which is later on considered inaccurate. Moreover, all the statistical data provided by the company is comprised by themselves, not an outside organization.
This all leaves us with a big pressing questions: are Tesla cars actually as safe as their manufacturers claim them to be?
There is a Russian proverb, which says: you have to wait 3 years to get what you’ve been promised. And it fits the situation perfectly, since the Model 3 of Tesla was announced back in 2016 and comes out only now, in 2019.
It all started back on Wednesday, when Elon Musk published another mysterious tweet, which really excited the community and even made the stock price of Tesla go up (which is a good thing for the company after the nasty scandal with SEC).
One day later, Model 3 finally became available to the public.
Tesla has actually released two vehicles:
The standard Model 3. Its charge will be enough for 220 miles, the maximum speed is 130 miles per hour. The car accelerates from 0 to 60 miles per hour in the course of 5.6 seconds;
Model 3 Standard Range Plus. Its charge will be enough for 240 miles, it will speed up to up to 140 miles per hours. The acceleration from 0 to 60 miles per hours will take only 5.3 seconds.
The prices for these two “affordable” Tesla vehicles are 35 and 37 thousand dollars correspondingly. However, this is only the starting price.
If you want your Model 3 in the color different from black, you’ll have to pay an extra $1500 to $2500. The autopilot function will cost you an extra $3000, and an autopilot for highways costs $5000. Moreover, if you choose to add an autopilot mode after the car got delivered to you. the price will be $7000.
However, there is one really great feature. With Tesla Model 3 you have a 7-day trial period, after which you can return the vehicle and get a full refund.
“Quite literally, you could buy a Tesla, drive several hundred miles for a weekend road trip with friends and then return it for free,” says the company’s blog post.