Feb 16, 2018

Tracking Tesla's Model 3

Photo by Salwan Georges/The Washington Post via Getty Images

Bloomberg has built an interesting tool to track the number of Tesla's mass-market Model 3 electric vehicles that are emerging from the company's California factory.

Driving the news: Check out their Model 3 production tracker here, which as of Friday morning was showing 7,535 built and a current rate of 956 per week.

Why it matters: The Model 3 is vital for Tesla's future but also for the market penetration of EV technology. But the production ramp-up has unfolded more slowly than founder Elon Musk initially pledged.

  • The company now hopes to be producing 5,000 per week by the end of the second quarter.

Bloomberg's methodology: Tesla does not provide real-time production figures, so Bloomberg says it is using multiple methods to obtain its estimates after gathering and analyzing the Vehicle Identification Number data.

  • The Bloomberg Model 3 tracker "relies on data from official U.S. government resources, social media reports, and direct communication with Tesla owners."
  • They created a tool that lets consumers report them directly.

Go deeper

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 1,502,618 — Total deaths: 89,915 — Total recoveries: 339,775Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 432,554 — Total deaths: 14,829 — Total recoveries: 24,213Map.
  3. Business: The Fed will lend up to $2.3 trillion. — Another 6.6 million jobless claims were filed last week
  4. Federal government latest: Congress' $250 billion PPP injection could come too late for some businesses.
  5. Public health latest: Anthony Fauci said social distancing could reduce the death toll to 60,000.
  6. Poll: 1 in 10 Americans believe the economy will never return to normal.
  7. 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.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Fed will lend up to $2.3 trillion amid coronavirus crisis

Fed Chairman Jerome Powell at a press conference in March. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve announced Thursday that it will support the coronavirus-hit economy with up to $2.3 trillion in loans to businesses, state and city governments — made possible in part by Treasury funds set aside in the government stimulus package.

Why it matters: The Fed has taken more action amid the coronavirus outbreak than it has in any other financial crisis in U.S. history in an effort to blunt the effects of the resulting economic shutdown.

DetailsArrowUpdated 18 mins ago - Economy & Business

Senate Democrats block Republicans' $250 billion PPP injection

Illustration: Sarah Grillo/Axios

Before the Paycheck Protection Program formally launched last Friday, we knew two things: The rollout would be rocky, and the initial $250 billion wouldn't be enough for America's small businesses.

The state of play: Banks and government officials have been working to smooth out the process. On Thursday, Senate Majority Leader Mitch McConnell's attempt to pump another $250 billion into the program via unanimous consent was blocked by Democrats, who are proposing an alternative that includes billions more for hospitals and states.

Go deeperArrowUpdated 19 mins ago - Economy & Business