Jul 30, 2017

If successful, Musk's new car would be bigger than the iPhone

Steve Jurvetson / Creative Commons

Elon Musk pulled off another in his streak of glitzy product debuts, producing an outpouring of exultant reviews from wowed journalists riding in his new mass-market electric, the Tesla Model 3, late Friday evening.

  • Musk updated the count of pre-orders for the $35,000 electric — more than 500,000, each putting down $1,000 for a place in line to buy the car.
  • Why it matters: If consumers truly embrace electric and autonomous cars, it could be more important in the big picture than the debut of the iPhone a decade ago: not only a seminal moment in tech and culture, but a transformation of energy and transportation, the biggest industries on the planet.
  • Hence, let's watch but withhold judgement: The mark of an indisputable shift will be millions of orders for multiple years running. As it stands, we have Tesla's cachet, built on years of setting the standard for vehicular cool; an impressive number of orders for a single year; and a thumb's up from the car's first riders. What we do not have is definitive proof of a mass market.

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Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.