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

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Ben Geman, author of Generate

4 mins ago - Energy & Environment

Tallying Trump's climate changes

Reproduced from Rhodium Climate Service; Chart: Axios Visuals

The Trump administration's scuttling or weakening of key Obama-era climate policies could together add 1.8 gigatons of carbon dioxide equivalent to the atmosphere by 2035, a Rhodium Group analysis concludes.

Why it matters: The 1.8 gigatons is "more than the combined energy emissions of Germany, Britain and Canada in one year," per the New York Times, which first reported on the study.

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Courtenay Brown

50 mins ago - Economy & Business

Boeing's one-two punch

Illustration: Aïda Amer/Axios

The grounding of Boeing’s 737 MAX was the worst crisis in the plane-maker’s century-long history. At least until the global pandemic hit.

Why it matters: Wall Street expects it will be cleared to fly again before year-end. Orders for what was once the company’s biggest moneymaker were expected to rebound after the ungrounding, but now the unprecedented slump in travel will dash airlines’ appetite for the MAX and any other new planes, analysts say — putting more pressure on the hard-hit company.

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Ursula Perano

1 hour ago - Politics & Policy

New downloads of TikTok, WeChat to be blocked in U.S. on Sunday

Illustration: Sarah Grillo/Axios

The Commerce Department issued Friday an order blocking new downloads of WeChat and TikTok in the U.S. as of Sept. 20.

The state of play: President Trump has been in a standoff with TikTok, threatening to ban the app if its Chinese owner, ByteDance, does not relinquish control to a U.S. company. A deal is in the works with the American tech company Oracle, but would need to go through before Sunday to prevent TikTok from being ousted from app stores.