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Tesla CEO Elon Musk Makes Big Claims About Model 3 on Twitter

The long-range Model S is now priced $83,000 down from $96,000 before savings

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Elon Musk, CEO of SpaceX. Wikimedia

The body and drive unit of Electric Vehicle (EV)-maker Tesla’s Model 3 Sedan can last upto 1 million miles while the battery can last up to 500,000 miles, said company Chief Executive Officer Elon Musk.

“Model 3 drive unit and body is designed like a commercial truck for a million mile life. Current battery modules should last 300k to 500k miles (1,500 cycles). Replacing modules (not pack) will only cost $5k to $7k,” Musk wrote on Twitter on Saturday.

The billionaire made this claim to his 25.7 million followers in context Model 3’s value being used in an autonomous ride-hailing fleet.

“What he meant is that the vehicles would become revenue-generating assets as they integrate this autonomous ride-hailing fleet, which has been dubbed the ‘Tesla Network’,” Electrek reported.

The value of the Model 3 on the Tesla Network would depend on how many miles it can put in it, which according to Musk is up to 1 million miles within two or three battery module replacements.

Even though Tesla would not replace a whole battery pack, the company is willing to offer battery module replacements for between $5,000 and $7,000.

Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

“Assuming that $5,000 to $7,000 for the battery modules means the cost for the Standard Range Plus and Long Range battery modules, it would mean a cost of roughly $100 per kWh at the battery module level, which makes sense,” the report added.

“At a value of $1 per mile, we are talking about a potential of at least $300,000 in revenue before having to possibly replace the battery modules.”

The EV-maker recently announced big price cuts for its high-end Model S after shifting to online-only sales.

Also Read- Airtel, FLO Launch Mobile App For Women’s Safety

The long-range Model S is now priced $83,000 down from $96,000 before savings.

The huge price cut by the EV maker comes less than two months after it decided to stop manufacturing Model S with a 75kWh battery pack, opting instead to only sell versions with a 100kWh pack. (IANS)

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Jack Dorsey Admits Twitter Makes it Easy to Abuse Others

Twitter last year said that making the platform free of abuse, spam and other things that distract from the public conversation is its top priority

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Twitter, India
Twitter Chief Executive Officer Jack Dorsey testifies before a Senate Intelligence Committee hearing on foreign influence operations and their use of social media on Capitol Hill. VOA

Admitting that Twitter makes it “super easy to harass and abuse others”, CEO of the micrblogging platform Jack Dorsey has said that addressing the issue in a systematic way is his biggest worry.

The platform is relying more on Machine Learning (ML) to identify abusive tweets as opposed to having people individually report them, Dorsey said in his TED talk this week, Business Insider reported.

“We have seen abuse, we have seen harassment, we have seen manipulation, automation, human coordination, misinformation,” Dorsey was quoted as saying.

“These are dynamics that we were not expecting 13 years ago.”

Dorsey also lamented that the system places undue weight on followers and likes.

“Right now the system makes it super easy to harass and abuse others,” he said, while adding that Twitter has created a “pretty terrible situation” for women.

Twitter CEO Jack Dorsey.
Twitter CEO Jack Dorsey.

As part of the efforts to make its platform appear less toxic, Twitter this week also announced that it is planning to give people an option to hide replies to their tweets, thereby giving users more control over the nature of conversation they would like to have on the platform.

“Starting in June, we’ll be experimenting with ways to give people more control over their conversations by giving them an option to hide replies to their Tweets,” Donald Hicks, Vice President, Twitter Service and David Gasca, Twitter’s Senior Director, Product Management, Health, wrote in a blog post on Tuesday.

While the feature has the potential to make trolls invisible, it could make it difficult for users to correct wrong statements made by others.

Also Read- 4 of 11 Tesla Board Members to Step Down by 2020

Other social media platforms like Facebook and Instagram already give users much more power in terms of dealing with the comments to their posts, including the option to delete them.

Twitter last year said that making the platform free of abuse, spam and other things that distract from the public conversation is its top priority. (IANS)