Jul 29, 2017

Tesla's electric car for the masses

AP

Tesla rolled out its new electric car yesterday to the 30 employees selected to be the first owners of Elon Musk's Model 3 sedans.

Why it matters: Musk has long declared he'd bring electric cars to the masses, and this is a pivotal moment in him achieving that goal. He said the Model 3s would be on sale to those outside the company soon (they're priced at $35,000 and half a million people have put down a deposit to own one once they're on the market). But the debut of the Model 3s is important because it signals Tesla's shift from a luxury car manufacturer to one that caters to the mass-market car industry.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 1,452,378 — Total deaths: 83,615 — Total recoveries: 308,757Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 401,166 — Total deaths: 12,936 — Total recoveries: 22,563Map.
  3. Business updates: Roughly one-third of U.S. apartment renters didn't make April payments — The battle over billionaire coronavirus saviors — The Fed will lift Wells Fargo's asset cap to help small business lending.
  4. Federal government latest: The U.S. has begun to see "glimmers of hope" despite its highest recorded number of deaths in 24 hours, Anthony Fauci said.
  5. Public health latest: Surgeon General Jerome Adams highlighted the disproportionate impact the illness is having on African-American communities.
  6. World latest: Indians look to Taiwan amid China's coronavirus missteps
  7. 🚌 Public transit: Systems across the country are experiencing ridership collapse, squeezed funding streams and slow recovery from the pandemic.
  8. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
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Sen. Kelly Loeffler liquidates stocks after uproar over coronavirus sell-off

Sen. Kelly Loeffler. Photo: Madnel Ngan/AFP via Getty Images

Sen. Kelly Loeffler (R-Ga.) and her husband Jeffrey Sprecher are liquidating their stock portfolio and moving holdings into exchange traded funds (ETFs) after coming under fire for purchasing and selling roughly $1.4 million in stock just before the market crashed in response to the coronavirus pandemic.

Why it matters: Loeffler, who faces a competitive reelection fight in November, is one of several senators under fire for selling shares shortly after a private briefing on the coronavirus — sparking accusations of insider trading.

Sanders: "While this campaign is coming to an end, our movement is not"

Addressing his supporters via livestream after suspending his campaign, Bernie Sanders congratulated Joe Biden on his presumptive victory in the 2020 Democratic presidential primary while making clear that his fight for progressive ideas will not end with his candidacy.

What he's saying: "While this campaign is coming to an end, our movement is not. Dr. Martin Luther King Jr. reminded us that 'the arc of the moral universe is long, but it bends towards justice.' The fight for justice is what our campaign has been about. The fight for justice is what our movement remains about."