Tesla’s $35,000 Electric Car Is Finally Here
"We are incredibly excited to announce that the standard Model 3, with 220 miles of range, a top speed of 130 mph and 0-60 mph acceleration of 5.6 seconds is now available at $35,000!" the company announced in a blog post. "Although lower in cost, it is built to achieve the same perfect 5-star safety rating as the longer-ranged version, which has the lowest probability of injury of any car ever tested by the U.S. Government."
$35,000 Tesla Model 3 Available Now https://t.co/xZ0J4rbbgM— Tesla (@Tesla)1551392579.0
This is now the cheapest electric vehicle on offer from the company, bringing the Model 3 price-point down from the $42,900 it went for after a price reduction this February.
"From the beginning, this has been the goal," Tesla CEO Elon Musk said on a press call reported by The Verge. "It's an incredible car."
The car is available to order now online in the U.S. and will be available in Europe and China in three to six months.
In addition to the newly-discounted Model 3, Tesla also announced other variations on the car at newly low prices, including a Model 3 Standard Range Plus for $37,000 that gets 240 miles on the charge and a Mid Range for $40,000 that gets 264 miles per charge.
Model 3s now available Standard Range: 220mi, $35k Standard Range Plus: 240mi, $37k Mid Range: 264mi, $40k Long R… https://t.co/A891MuqeJK— Tesla (@Tesla)1551399077.0
The move squares with the goal of the company as announced by Musk in 2017, according to USA Today.
"The whole point of Tesla was to build a great affordable electric car," Musk said when the first Model 3s were released.
The lower prices come at a cost though: Tesla is moving to all online sales. This is what allowed the company to reduce all vehicle prices by an average of six percent. The company will shut down most of its retail stores, keeping a few open in particularly busy locations as showcases and information hubs. This means Tesla will have to lay off staff, Musk admitted on the press call reported by The Verge.
"There's no other way for us to achieve the savings required to provide this car and be financially sustainable," he said. "I wish there was some other way, but unfortunately, it will entail reduction in force on the retail side. There's no way around it."
In order to bypass the need for a test drive, the company touted a generous return policy.
"You can now return a car within 7 days or 1,000 miles for 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. With the highest consumer satisfaction score of any car on the road, we are confident you will want to keep your Tesla," the announcement said.
Musk hinted at the announcement with a cryptic series of three tweets on Wednesday.
"Thursday 2pm." "California." "Some Tesla news." he wrote.
Some Tesla news— Elon Musk (@Elon Musk)1551255713.0
Musk has gotten in trouble with the Securities and Exchange Commission (SEC) before for his tweets, as USA Today explained:
On Monday, the SEC filed a claim against Musk for not complying with an agreement reached with the Wall Street regulatory agency in late September. The SEC accused Musk of securities fraud after the Tesla chairman tweeted that "Tesla made 0 cars in 2011, but will make around 500k in 2019."
It is not known if Tesla approved Musk's tweets Wednesday, but they caused its stock to jump five percent.Transportation is responsible for the largest share of U.S. greenhouse gas emissions, according to the most up-to-date data from the U.S. Environmental Protection Agency (EPA). Most of this is due to the burning of fossil fuels for vehicles including cars.
Top Clean Cars and Trucks of 2018 https://t.co/GEEUua5BX6 #renewable #solar #wind #PV https://t.co/ZX5w810xNn— Renewable Search (@Renewable Search)1518271815.0
A "trash tsunami" has washed ashore on the beaches of Honduras, endangering both wildlife and the local economy.
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More long-finned pilot whales were found stranded today on beaches in Tasmania, Australia. About 500 whales have become stranded, including at least 380 that have died, the AP reported. It is the largest mass stranding in Australia's recorded history.
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By Harry Kretchmer
By 2030, almost a third of all the energy consumed in the European Union must come from renewable sources, according to binding targets agreed in 2018. Sweden is helping lead the way.
Sweden is a world leader in renewable energy consumption. Swedish Institute/World Bank
Naturally Warm<p>54% of Sweden's power comes from renewables, and is helped by its geography. With plenty of moving water and 63% forest cover, it's no surprise the <a href="https://sweden.se/nature/energy-use-in-sweden/#" target="_blank">two largest renewable power sources</a> are hydropower and biomass. And that biomass is helping support a local energy boom.</p><p>Heating is a key use of energy in a cold country like Sweden. In recent decades, as fuel oil taxes have increased, the country's power companies have turned to renewables, like biomass, to fuel local 'district heating' plants.</p><p>In Sweden these trace their <a href="https://www.sciencedirect.com/science/article/pii/S0360544217304140#fig3" target="_blank">origins back to 1948</a>, when a power station's excess heat was first used to heat nearby buildings: steam is <a href="https://www.sciencedirect.com/topics/engineering/district-heating-system" target="_blank">forced along a network of pipes</a> to wherever it's needed. Today, there are around 500 district heating systems across the country, from major cities to small villages, providing heat to homes and businesses.</p><p>District heating used to be fueled mainly from the <a href="https://www.sciencedirect.com/science/article/pii/S0360544217304140" target="_blank">by-products of power plants</a>, waste-to-energy plants and industrial processes. These days, however, Sweden is bringing more renewable sources into the mix. And as a result of competition, this localized form of power is now the country's<a href="https://www.sciencedirect.com/science/article/pii/S0360544217304140#fig3" target="_blank" rel="noopener noreferrer"> home-heating market leader.</a></p>
Sweden is using smart grids to turn buildings into energy producers. Huang et al/Elsevier
Energy ‘Prosumers’<p>But Sweden doesn't stop at village-level heating solutions. Its new breed of energy-generation takes hyper-local to the next level.</p><p>One example is in the city of Ludivika where 1970s flats <a href="https://www.buildup.eu/sites/default/files/content/transforming-a-residential-building-cluster-into-electricity-prosumers-in-sweden.pdf" target="_blank">have recently been retrofitted with the latest smart energy technology</a>.</p><p>48 family apartments spread across 3 buildings have been given photovoltaic solar panels, thermal energy storage and heat pump systems. A micro energy grid connects it all, and helps charge electric cars overnight.</p><p>The result is a cluster of 'prosumer' buildings, producing rather than consuming enough power for 77% of residents' needs. With <a href="http://www.diva-portal.org/smash/get/diva2:1232060/FULLTEXT01.pdf" target="_blank" rel="noopener noreferrer">high levels of smart meter usage</a>, it's a model that looks set to spread across Sweden.</p>
<div id="d7bf9" class="rm-shortcode" data-rm-shortcode-id="8757b138d5570bec9d6aad18074a429a"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1273556364263071744" data-partner="rebelmouse"><div style="margin:1em 0">Read more about Western Harbour and book a visit: https://t.co/ujSmVs9rNK 🏡🌳🌊 https://t.co/C5PuPziqIM</div> — Smart City Sweden (@Smart City Sweden)<a href="https://twitter.com/SmartCitySweden/statuses/1273556364263071744">1592474473.0</a></blockquote></div>
Scaling Up<p>A recent development by E.ON in Hyllie, a district on the outskirts of Malmö, southern Sweden, <a href="https://www.eonenergy.com/blog/2019/February/sweden-smart-city" target="_blank">has scaled up the smart grid principle</a>. Energy generation comes from local wind, solar, biomass and waste sources.</p><p>Smart grids then balance the power, react to the weather, deploying extra power when it's colder or putting excess into battery storage when it's warm. The system is not only more efficient, but bills have fallen.</p><p>Smart energy developments like those in Hyllie, Ludivika, and renewable-driven district heating, offer a radical alternative to the centralized energy systems many countries rely on today.</p><p>The EU's leaders have a challenge: how to generate 32% of energy from renewables by 2030. Sweden offers a vision of how technology and local solutions can turn a goal into a reality.</p>
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By Jessica Corbett
In another win for climate campaigners, leaders of 12 major cities around the world — collectively home to about 36 million people — committed Tuesday to divesting from fossil fuel companies and investing in a green, just recovery from the ongoing coronavirus pandemic.
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