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Tesla launches $35,000 Model 3 while moving to online-only ordering

Photo: Christophe Gateau/picture alliance via Getty Images

Electric carmaker Tesla unveiled the long-awaited $35,000 Model 3 sedan on Thursday, and the company is only taking orders online, while closing most of their stores.

Our thought bubble: Per Axios Future editor Steve LeVine, the optics of the move are not terrific — Musk looks like he is acting in haste. The Tesla stores have been a hallmark of the brand's coolness and, regardless of the argument for finally getting a promised $35,000 version of the Model 3 on the road, there is a marketing price to closing stores. As proof, Tesla shares were down 3% in after-hours trading.

Go deeper

Axios
21 mins ago - Podcasts

Bob Nelsen on AstraZeneca and his plan to revolutionize biotech

AstraZeneca and the University of Oxford on Monday reported promising efficacy data for their COVID-19 vaccine, which has less stringent storage requirements than the Pfizer and Moderna vaccines and may be distributed earlier in developing countries.

Axios Re:Cap digs into the state of vaccine and therapeutics manufacturing with Bob Nelsen, a successful biotech investor who on Monday launched Resilience, a giant new pharma production platform that he believes will prepare America for its next major health challenges.

Ben Geman, author of Generate
Updated 27 mins ago - Energy & Environment

Unpacking Joe Biden's decision to tap John Kerry as his climate envoy

Photo: Pablo Blazquez Dominguez/Getty Images

President-elect Joe Biden is naming former Secretary of State John Kerry as a special presidential envoy for climate change.

Why it matters: The transition team's announcement sought to show that it will be an influential role, noting that Kerry — a former Massachusetts senator and the Democrats' 2004 presidential nominee — will be on the National Security Council.

Go deeper (1 min. read)Arrow
Dave Lawler, author of World
2 hours ago - World

Oxford and AstraZeneca's vaccine won't just go to rich countries

Waiting, in New Delhi. Photo: Jewel Samad/AFP via Getty Images

While the 95% efficacy rates for the Moderna and Pfizer/BioNTech vaccines are great news for the U.S. and Europe, Monday's announcement from Oxford and AstraZeneca may be far more significant for the rest of the world.

Why it matters: Oxford and AstraZeneca plan to distribute their vaccine at cost (around $3-4 per dose), and have already committed to providing over 1 billion doses to the developing world. The price tags are higher for the Pfizer ($20) and Moderna ($32-37) vaccines.

Go deeper (2 min. read)Arrow