Jun 3, 2019

Elon Musk claims Tesla's pickup will cost less than $50,000

Photo: Xinhua via Getty Images

Tesla CEO Elon Musk made some news in his newly posted interview with the Tesla-focused "Ride the Lightning" podcast, when he said the company's planned pickup truck will cost less than $50,000, InsideEVs reports.

Why it matters: Pickups are hugely popular, so the ability of automakers to penetrate that market with electrics will ultimately be an important part of the wider effort to push cars with plugs into the mainstream.

  • "This seems an impossible figure given the fact that other Tesla products (aside from the Model 3) start at a price that's much higher," cautions Inside EVs' Eric Loveday in the article.

Musk also said on the podcast that the Model Y, a small SUV that's supposed to go into production next year, will likely be produced at the company's Fremont, California, plant.

  • MarketWatch writes: "Musk said that Fremont is the 'default plan' because it would be quicker than starting an assembly facility at Tesla's gigafactory in Sparks, Nev."

The big picture: The New York Times has a new piece today about investor skepticism toward the Silicon Valley electric automaker.

  • "[I]t is not just the stock that is tumbling. The price of Tesla bonds has fallen, while the cost of insuring its debt against default has surged. The moves suggest a greater wariness about Tesla's long-term fate."

Go deeper: SUVs and trucks will drive the electric vehicle revolution

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Bernie Sanders wins Nevada caucus

Democratic presidential candidate Sen. Bernie Sanders waves to supporters at a campaign rally on Friday in Las Vegas. Photo: Mario Tama/Getty Images

Sen. Bernie Sanders is projected to handily win the Nevada Democratic primary caucus, becoming the clear frontrunner among 2020 Democratic presidential primary election candidates.

Why it matters: Nevada is the first state with a diverse population to hold a nominating contest, highlighting candidates' abilities to connect with voters of color — particularly Latino voters.

Go deeperArrowUpdated 1 hour ago - Politics & Policy

South Korea and Italy see spikes in coronavirus cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus has spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting these are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the United States.

The big picture: COVID-19 has now killed at least 2,362 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel and Lebanon, while Iran reported its sixth death from the virus. South Korea's confirmed cases jumped from 204 Friday to 433 on Saturday and Italy's case count rose from 3 to 62 by Saturday.

Go deeperArrowUpdated 5 hours ago - Health

America's rundown roads add to farmers' struggles

Illustration: Sarah Grillo/Axios

American farmers are struggling to safely use the roads that cut through their fields; decades of neglect and lack of funding have made the routes dangerous.

The big picture: President Trump has long promised to invest billions in rural infrastructure, and his latest proposal would allocate $1 trillion for such projects. Rural America, where many of Trump's supporters live, would see a large chunk of that money.