Saturday September 21, 2019
Home Lead Story Tesla CEO Elo...

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

0
//
Elon Musk, CEO of SpaceX and Tesla. Wikimedia Commons

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)

Next Story

Pessimistic Millennials Across the World Storm Twitter with Retirement Plans

A recent report by the Organization for Economic Cooperation and Development (OECD) found that today, just 60 per cent of millennials are considered middle-class, compared to 70 per cent of baby boomers when they were in their twenties

0
Twitter, India, Smartphone
Twitter on a smartphone device. Pixabay

Millennials across the world stormed Twitter with suggestions how they would like to retire, using the hashtag #millennialretirementplans, and most of them had pessimistic and gloomy views about their golden years.

From living in their parents’ basements to colonizing the Mars only to destroy it like Earth, millennials (those born between 1980 and 2000) wished for early death via dark-themed jokes and memes about never been able to retire and putting the blame on Baby Boomers (those born worldwide between 1946 and 1964) and political upheavals.

“Hope we don’t die in our chairs during a meeting that could have been an email,” wrote one user.

“Watch as the environment disintegrates and move to Mars, where we will yet again, destroy another planet,” posted another.

Most of the millennials painted a bleak picture of their retirement plans.

“Why is this even on trending? We all know we’ll never be able to retire,” said another Twitter user.

“Cultivate my kids so they can become successful millionaires and live off of them,” wrote one.

There were several tweets about poor healthcare as a barrier to a good retirement.

donald trump
FILE – A man reads tweets on his phone in front of a displayed Twitter logo. VOA

“Work myself to death since healthcare is a debt sentence & social security won’t exist by the time I’m of ‘retiring age’. Or just wait for the nuclear apocalypse,” said one millennial user.

“Early death,” said one.

“Dumpsters are the new tiny houses,” posted another.

A few millennial users, however, made light of the situation.

Also Read: Tech Giant Apple Invests Additional $250mn in Corning for iPhone Glasses

“Travelling around the world collecting Pokemon Go,” said a user.

Other comments were: “Have older people pay for you now, have younger people pay for you later,” and “become an anti-social media influencer”.

A recent report by the Organization for Economic Cooperation and Development (OECD) found that today, just 60 per cent of millennials are considered middle-class, compared to 70 per cent of baby boomers when they were in their twenties. (IANS)