Mar 15, 2019

Tesla Model Y makes a splashy debut

Tesla Model Y is newest addition to the lineup. (Photo: Tesla)

Tesla CEO Elon Musk unveiled the company's latest electric car, a small SUV dubbed Model Y, at a jam-packed event Thursday night broadcast from Tesla's studio in Hawthorne, Calif., that deflected attention from some of the company's current troubles.

Why it matters: The Model Y is a logical next step for Tesla, but by the time it goes on sale in fall 2020, it'll face more competition. Ford trolled Tesla just ahead of the event with a tweet saying "hold your horses" — a clear reference to its Mustang-inspired electric performance SUV coming in 2020.

The details: The Model Y, which will seat up to 7, includes a panoramic glass roof and 66 cubic feet of space.

  • With the battery under the floor and a low center of gravity, "it will look like an SUV but drive like a sports car," Musk said, with a 0-to-60 mph time of 3.5 seconds.
  • The long-range 300-mile version goes on sale in fall 2020, for about $47,000.
  • The standard version, with a smaller battery, will follow in 2021 and cost $39,000.

The big question: Tesla said nothing about where it will built the Model Y or how it will afford the capital investment the new model will require. Just last week, Musk said the company would close many of its stores and cut its workforce for the third time this year.

Go deeper

World coronavirus updates: UN warns of recession with "no parallel" to recent past

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 and confirmed plus presumptive cases from the CDC

The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.

The big picture: COVID-19 cases surged past 858,000 and the death toll exceeded 42,000 Tuesday night, per Johns Hopkins data. Italy reported more than 12,000 deaths.

Go deeperArrowUpdated 3 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 857,957 — Total deaths: 42,139 — Total recoveries: 178,091.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 10 p.m. ET: 188,547 — Total deaths: 3,899 — Total recoveries: 7,068.
  3. Business updates: Should you pay your rent or mortgage during the coronavirus pandemic? Find out if you are protected under the CARES Act.
  4. Public health updates: More than 400 long-term care facilities across the U.S. report patients with coronavirus — Older adults and people with underlying health conditions are more at risk, new data shows.
  5. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  6. Coronavirus in custody: Inmates in all U.S. federal prisons are set to enter a 14-day quarantine on April 1. A federal judge on Tuesday ordered U.S. Immigration and Customs Enforcement to release 10 detained immigrants who are at risk of contracting COVID-19 while in confinement.
  7. U.S.S. Theodore Roosevelt: Captain of nuclear aircraft carrier docked in Guam pleaded with the U.S. Navy for more resources after more than 100 members of his crew tested positive.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

White House projects 100,000 to 240,000 U.S. coronavirus deaths

President Trump said at a press briefing on Tuesday that the next two weeks in the U.S. will be "very painful" and that he wants "every American to be prepared for the days that lie ahead," before giving way to Deborah Birx to explain the models informing the White House's new guidance on the coronavirus.

Why it matters: It's a somber new tone from the president that comes after his medical advisers showed him data projecting that the virus could kill 100,000–240,000 Americans — even with strict social distancing guidelines in place.

Go deeperArrowUpdated 4 hours ago - Health