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Tesla developing even cheaper vehicle to slot below Model 3

Reuters in an analysis of the firm's data, found that despite trimming its average warranty fix cost per premium electric vehicle since 2014, Tesla still spends more than twice as much as GM and Ford do.

The NHTSA considers Google's fleet of self-driving cars to be Level 3, but Tesla's Autopilot - in its current form - is not almost as capable (especially at low speeds). Also there are speculations that the EV firm could make that feature available in all future versions of the Model S sedan.

Tesla Motors Inc (NASDAQ:TSLA) has been running in losses for several years, but this year, the firm is hopeful of making a profit, as per the statement by CEO - Elon Musk - to the investors.

This, according to Victor, makes Tesla's line-blurring technology unsafe. While the Bolt is expected to hit American roads by the end of this year, Model 3 will likely reach market in the following 12 months.

How the Dow Jones industrial average fared on Monday
The S&P; 500 index was down 3.79 points, or 0.2%, to close at 2,087.79, led by declines in Energy and Industrial-sector shares. Apple shares have been under pressure at times in the last couple of weeks on reports that iPhone sales are slowing.

Markets Right Now: Asian stocks fall on central banks watch
On Friday, though, the yen weakened by as much as 1.2 percent to 110.76 per dollar, heading toward its worst week in 12. Trucking company Ryder System rose 5 percent after reporting results that were better than analysts had expected.

Warriors face more uncertainty with Curry entering Game 5
Eastern Conference top seeds the Cleveland Cavaliers edged the Detroit Pistons 100-98 to sweep their first-round series . Meanwhile, head coach Steve Kerr refused to make any assumptions until he receives the results of Curry's MRI scan.

Critics believe that it would really be impressive if Tesla can achieve a range of over 215 miles for the Model 3 on a less than 60 kWh battery pack. The vehicle manufacturer has not yet disclosed the full price of the auto, but estimates show it could become available for around $35,000.

When Tesla reports first-quarter results on May 4, analysts will be watching to see whether it is on track to deliver positive cash flow for the year, as Musk forecast in February.

Evanson also explained that the Model 3 will be partially made of aluminum. From the minute the California-based automaker uncovered the Model 3, it had our attention as the entry-level sedan that the brand needed from day one. Inside, the driver will be welcomed by futuristic interior design. The company hired someone called Milan Kovac, a principal engineer at Skully Systems, developer of a cool motorcycle helmet with a built-in HUD. There's an ongoing disagreement over Tesla's labelling of its Autopilot feature as Level 2 autonomous.

That hasn't stopped the renderers from taking a stab at what a hatchback Model 3 might look like.

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