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.
Tesla was never, technically, a minotaur: When it went public in 2010, it had raised just $482 million in equity capital, along with a $450 million loan from the Department of Energy.
And even the IPO only raised another $276 million. Nevertheless, Elon Musk comes from true minotaur stock: Musk is a paid-up member of the PayPal Mafia — the group of entrepreneurs who all but invented the modern version of blitzscaling.
Quick take: Manafort — whose legal team pointed to his poor health and low likelihood for committing future crimes — presented letters of support earlier on Friday as well as a 40-page document, appealing to Jackson to avoid a life sentence for conspiracy and witness tampering. He will be sentenced by a judge in Virginia federal court next Thursday for crimes including tax fraud, bank fraud and lying on federal financial documents, followed by a second sentencing hearing in Jackson's courtroom March 13.