Mar 3, 2019 - Energy & Environment

Elon Musk says Tesla will unveil Model Y crossover SUV on March 14

Photo: Silas Stein/Getty Images

Tesla CEO Elon Musk tweeted Sunday that the company will unveil its Model Y crossover SUV on March 14 at L.A. Design Studio, and that it would "cost about 10% more [than the Model 3] & have slightly less range for same battery."

The big picture: The announcement comes less than a week after Tesla said its long-awaited $35,000 Model 3 is available to order online. Musk said detailed specifications, price points and test rides will be available at the unveiling next week.

Why it matters, via Axios' Joann Muller: The Model Y would enter one of the most competitive segments in the market — compact crossover utilities. Musk implausibly aims to build one million copies at a yet-to-be-announced factory. That's more than Ford's wildly popular F-Series pickup, which isn't likely to be dethroned as America's best-selling vehicle anytime soon.

  • But the excitement over Tesla’s next model would surely help distract away from the company’s profit struggles.

Go deeper: How Tesla lost its minotaur soul

Go deeper

Caitlin Owens, Marisa Fernandez
53 mins ago - Health

How Trump's push to reopen schools could backfire

Illustration: Aïda Amer/Axios

The Trump administration’s full-steam-ahead push to fully reopen schools this fall is on a collision course with the U.S.' skyrocketing coronavirus caseload and its decades-long neglect of public education.

Why it matters: Getting kids back to school is of paramount importance for children and families, especially low-income ones. But the administration isn’t doing much to make this safer or more feasible.

Go deeper (2 min. read)Arrow
Kim Hart
1 hour ago - Economy & Business

Coronavirus squeezes the "sandwich generation"

Illustration: Eniola Odetunde/Axios

As the coronavirus poses risks and concerns for the youngest and oldest Americans, the generations in the middle are buckling under the increasing strain of having to take care of both.

Why it matters: People that make up the so-called sandwich generations are typically in their 30s, 40s and 50s, and in their prime working years. The increasing family and financial pressures on these workers means complications for employers, too.

Go deeper (2 min. read)Arrow
Shane Savitsky
1 hour ago - Politics & Policy

Why Scranton matters again in 2020

Biden and Clinton visit Biden's childhood home in Scranton in 2016. Photo: Melina Mara/The Washington Post via Getty Images

The hometown of Joe Biden and "The Office" is polishing its perennial status as a guidepost for the nation's political mood.

Driving the news: Biden returns to Scranton, Pa., today with a campaign stop just outside the city limits at a metalworking plant, where he'll deliver remarks on a plan to create jobs and "help America build back better."

Go deeper (2 min. read)Arrow