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Spotify Said To Be Planning Release Of A $100 Voice-Controlled Car Music Player

Spotify is working on the release of a $100 voice-controlled in-car music player this year, The Financial Times says, marking its first foray into hardware. FT says the company has been working with electronics manufacturer Flex to build out the device which would come cheaper than most brand-name car stereo systems if a $100 price stands firm.

Rumors of hardware ambitions for Spotify first emerged June last year after the company registered with the Federal Communications Commission, a move towards getting approval to sell wireless hardware in the U.S. Spotify also introduced a new "car view" mode for its Android app just this week, signalling a focus on the automotive market.


A recent survey from voice tech publication Voicebot.ai indicate that some 77 million U.S. adults use voice assistants in their cars, compared with 45.7 million using them on smart speakers. Cars are arguably a best use for voice technology as drivers might prefer voice control rather than touchscree…
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Sheryl Sandberg Admits To Facebook Shortcomings, Saying It Needs "To Do Better"

Facebook chief operating officer Sheryl Sandberg speaking at the DLD conference in Munich on Sunday recognized the company's shortcomings in protection of user data stating the company needs "to do better" to protect its users' data amid series of controversies for the company.

“At Facebook, these last few years have been difficult,” Sandberg said. “We need to stop abuse more quickly and we need to do better to protect people’s data. We have acknowledged our mistakes”. Facebook has also announced a partnership with the Technical University of Munich to create an "Institute for Ethics in Artificial Intelligence" supported by an initial funding grant of $7.5 million over five years.


“We have to [take action] because so many people use technology for good,” Sandberg said, stating that the company was “far from done” and adding that the social networking service is one of the largest job creation platforms in the world.

Facebook which has been embroiled in sev…

Facebook Is Adding 1,000 Jobs In New Dublin Campus By Year End

Facebook has announced its adding 1,000 jobs at its international headquarters in Ireland, a second major jobs announcement from a U.S. multinational in a matter of days. The social networking giant began work last year on a new campus in the Irish capital of Dublin which it said would increase its footprint by 4 times in the city and enable it double its current headcount of over 4,000.

Facebook COO Sheryl Sandberg said the new roles would be principally assigned to crackdown of abuse taking place on its site. “Facebook has had a hard time these last few years, and that is because we need to do a better job keeping people safe on our platform,” She said at a speech in Dublin.


“We’re not the same company we were, even a few years ago, and that is something we have to prove. We have massively ramped up investment in safety and security. This means jobs. We do a lot of that in Ireland and today we’re going to be hiring an additional 1,000 people in Ireland in the next year alone.”

Face…

LG Will Reportedly Supply Gesture-Reading System For Mercedes-Benz

LG is said to be the supplier of a motion-detection system that can read a driver's gestures for control of some automobile functions, to be put in place in an unspecified Mercedes-Benz model. Bloomberg reports this citing people with knowledge of the matter.

It says a camera installed on the car's ceiling will read hand gestures and control fuctions like adjusting music volume and turning on cruise control, with LG envisioning a system capable of more complex functions like shifting gears. At CES earlier this month, Mercedes showcased a feature dubbed MBUX Interior Assist which allows drivers of the Mercedes-Benz CLA Coupe control functions through hand gestures.


It's possible it plans to debut a similar system in an upcoming vehicle, like its competitor BMW which has already deployed a comparable function for its 7 Series sedans using technology from Sony's Softkinetic. In the driver assistance market, one estimated to grow to $67 billion by 2025 according to Grand …

WhatsApp Sets Limit On Text Forwards To Combat Fake News

Facebook's WhatsApp has set a limit on text forwarding, with forwarding to more than five individuals or groups at a time no longer allowed under a new rule rolling out globally to its 1.5 billion monthly users. This move is aimed at combatting “misinformation and rumors”, company executives said on Monday at an event in Indonesia, Reuters says.

“We’re imposing a limit of five messages all over the world as of today,” WhatsApp vice president for policy and communications said at the event. A five limit rule was initially imposed in India after a series of vigilante killings stirred by misinformation on the messaging platform were blamed on the company. A higher limit of 20 recipients was set globally at the time.


WhatsApp is also reported to be working on new features including fingerprint lock on Android and a new re-designed section for transfer of audio files. This report comes from WABetaInfo citing a submitted update on the Google Play Beta Program.

Starting Monday, the text…

Disney Lost $1 Billion On Streaming Efforts In Fiscal Year, Filings Show

A Friday filing made by Disney indicates its investment in streaming service Hulu as primary contributor to a $580 million equity loss and an additional $469 million loss mainly from BAMTech, the streaming technology provider responsible for ESPN+ and its upcoming entertainment service Disney+ which it acquired a controlling stake in for a total of $2.58 billion split in two deals.

This loss indicates more than $1 billion associated to streaming in the fiscal year ended September 30 even before launch of its Disney+ streaming service later this year. Disney is set to launch the service in the U.S. in September 2019 to better compete with Amazon and Netflix, the two largest streaming offerings in the U.S.


The media company is set to gain a 60% ownership of Hulu following completion of its acquisition of 21st Century Fox (it currently owns 30% and will gain Fox's 30% ownership after acquisition). Disney+ with former Apple and Samsung executive Kevin Swint heading as senior vice pre…

The New BMW 7 Series In Pictures

A new BMW 7 Series edition recently made its premiere in China, a location underlining the significance of the Chinese market where 44% of global BMW 7 Series sales were made in 2018. BMW CEO Harald Kr├╝ger spoke at the event where he underlined the importance of the Chinese market, the company's largest single sales market since 2013.

This year, 25 new BMW models will be launched in China where the new edition recently made its debut. In pictures, the new BMW 7 Series is shown below:











Apple Ordered By German Court To Halt Part Of Press Release In Qualcomm Case

Apple has been ordered by a German court to stop use of part of a press release stating all iPhones would be available for purchase in the country through resellers and carriers after being banned from selling the iPhone 7 and iPhone 8 models in the country following a patent dispute with Qualcomm, a copy of a filing examined by Reuters show.

“The press release ... is misleading as it contains statements that are at least potentially deceptive about the availability of the goods, namely the iPhones affected by the ruling,” A three-judge panel penned in the latest ruling. Qualcomm obtained this injunction against Apple on Thursday after a similar move in China.


At the time, Apple said it would no longer sell the iPhone 7 and 8 at its 15 retail locations in Germany but the models would remain available through over 4,300 carriers and resellers in the country.

 The Apple-Qualcomm on-going legal battle has witnessed lots of arising issues including Apple COO Jeff Williams stating Qualcom…

U.S. Regulators Reportedly Mulling Fine Against Facebook For Privacy Violations

According to The Washington Post, the Federal Trade Commission is considering imposing a 'record-setting' fine against Facebook for violation of a legally binding agreement to protect the privacy of its users' data, citing three people familiar with the case. The Post says the fine is expected to be much higher than the record $22.5 million fine imposed against Google in 2012 for a similar issue.

It says the FTC's exact findings in a probe that began last year against Facebook has not been finalized with a plan to issue a formal recommendation for a fine expected soon. Facebook has faced lots of backlash and probes regarding handling of user data ranging from the Cambridge Analytica saga that affected 87 million of its users to reports of data scraping on Android users and even a hiring of opposition research firm Definers Public Affairs, targeting financier George Soros who has criticized the company's privacy practices.

Several public apologies have not been abl…

Leaked E-mails Show Apple And Qualcomm May Have Fallen Out For Another Reason

Apple and Qualcomm are in the midst of a legal battle regarding licensing and royalty payments for use of the latter's chips, a business method Apple is pushing against which has led to a fallout between both companies. The ongoing suit has seen Apple COO Jeff Williams testify that Qualcomm refused to supply chips for 2018 iPhones and Qualcomm CEO Steve Mollenkopf argue that its push to become the sole supplier of iPhone chips, one that regulators term as anti-competitive conduct was in response to a $1 billion "incentive payment" demanded by Apple.

But leaked e-mails between Williams and Mollenkopf seen by Bloomberg suggests that both companies may have cut ties over a software dispute. "In my wildest imagination of some evil intention of Apple, I have trouble coming up with a real scenario where anything of significant value could be leaked based on this code," Williams penned in September 2017.


"I just hope the licensing dispute doesn’t cloud good judg…

DJI Uncovers Corruption Cases Leading To $150 Million Loss

Drone maker DJI has discovered several cases of corruption and expects 2018 losses of over 1 billion yuan ($150 million) as a result, the company said on Friday. It says the cases came to light during routine quality control last year and has kicked off investigation, handing a number of employees to authorities already.

According to state-run China Securities Journal citing an internal report, more than 40 people at the consumer drone manufacturer had been investigated on this issue. This counts as a minority for the company which employed 12,000 people as of 2018 end. “DJI condemns any form of corruption strongly and has set up a high-level anti-corruption task force to investigate further and strengthen anti-corruption measures,” DJI said.


“A number of corruption cases have been handed over to the authorities, and some employees have been dismissed,” It added. Headquartered in Shenzhen, 12 year old DJI is the world leading consumer drone manufacturer with a 74% market share accord…

Tesla To Lay Off 7% Of Staff And Focus On Model 3 Production

Just after SpaceX, Elon Musk's Tesla has announced it's cutting its full-time employee headcount by 7% while it focuses on increasing the Model 3 production rate and improving manufacturing, two crucial points it says it requires to produce the standard range (220 mile), standard interior Model 3 at $35k and still stand as a viable company.

Tesla touts 2018 as its most successful year in history, having delivered almost as many cars as it did in all of 2017 in the last quarter alone and as many last year as it did in all of its prior years of existence combined. The Model 3 also became the best-selling premium vehicle in the U.S for the year.


But of current, its most affordable vehicle is the mid-range (264 mile) Model 3 with premium sound and interior at $44,000 with the need for a lower priced variant a key one for stability. On the 1st of July, a tax credit for Tesla vehicles is fully phasing out and will make its vehicles $1,875 more expensive for buyers.

Tesla says the c…

Square Outs Debit Card To Provide Real-Time Access To Funds For Its Users

Square has unveiled a debit card for users to have real-time access to funds processed on its payment platform, eliminating the time between making a sale and having the cash available for spend for businesses. Users of the new Square Card also get an instant 2.75% discount on purchases made at other sellers who utilize a Square point-of-sale system.

They'll be able to make payments wherever Mastercard debit cards are accepted, view purchase activity on a Square dashboard, access reporting features that separate business and personal expenses, export transaction data in downloadable formats for accounting purposes and withdraw funds at ATMs.

The card is already available for sellers to pickup to begin use.


Google Acquires Unspecified Smartwatch Technology From Fossil Group For $40 Million

Google has entered an agreement with Fossil Group to purchase $40 million worth of smartwatch technology and a portion of its research & development team, the technology being unspecified and what Wareable says is a “new product innovation that’s not yet hit the market,” as told by Fossil’s executive vice president of chief strategy Greg McKelvey.

“Wearables, built for wellness, simplicity, personalization and helpfulness, have the opportunity to improve lives by bringing users the information and insights they need quickly, at a glance. The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry by enabling a diverse portfolio of smartwatches and supporting the ever-evolving needs of the vitality-seeking, on-the-go consumer,” vice president of product management for Google WearOS Stacey Burr said in a statement.


“Fossil Group has experienced significant success in its wearables business by focusing on product design and deve…

Cisco's Chuck Robbins Warns Higher Tariffs Will Lead To Lesser R&D Spend

In a recent Bloomberg interview, Cisco CEO Chuck Robbins cautioned U.S. officials against increasing tariffs on Chinese goods, saying it would take place at the expense of American innovation due to lesser research & development budgets which companies would put in place to absorb costs of higher tariffs.

Robbins said his view represents that of several tech giants including Dell, Juniper Networks and Hewlett Packard. Cisco spent over $4 billion on R&D in 2017, being a top spender among companies including Amazon, Samsung, Apple, Alphabet, Intel, General Motors, Ford and Oracle.


Find more statistics at Statista

 "If we go to the next wave in tariffs, tech companies in the U.S. will have to absorb that and cut back in R&D when what they want us to do is lead in innovation,” Robbins said in the Bloomberg interview.

Cisco, like many other top R&D spenders manufacture hardware products in China and will take a hit if no agreement is sealed between the U.S. and China…

Snoop Dogg Takes Minor Stake In Sweden's Klarna

Rapper Snoop Dogg has taken a minor stake in Swedish payments unicorn Klarna and is now the face of its "Smooth Dogg" ad campaign, a name chosen in reference to its ambition to enable "smooth" payments. This marks another investment for Snoop Dogg (real name Calvin Broadus) whose other bets include commission free trading app Robinhood and legal cannabis delivery service Eaze.

“So we were wondering who is the smoothest person alive, that was really the background of how the name Snoop Dogg popped up in our heads. When we started speaking to Snoop Dogg, he was very keen to learn more about the tech industry, fintech, all these things, so we connected very well.” Klarna CEO Sebastian Siemiatkowski told Forbes who first reported of Snoop Dogg's investment.


“The passion he has for his work elevates him and makes him successful... I think that's so aligned and in some ways so similar to how we are so immersed in our product thinking about every detail and how w…

Tinder Owner IAC Sues Co-Founder Sean Rad Over Company Documents

Match Group, the Dallas based online dating company behind popular services including Tinder, OkCupid and PlentyOfFish and its parent firm IAC has filed a lawsuit against Tinder co-founder and ex CEO Sean Rad alleging theft of company files and other proprietary files. The lawsuit filed in a Manhattan state court on Tuesday claims $250 million in damages.

It comes six months after Rad and other Tinder co-founders filed a $2 billion lawsuit against IAC, alleging it manipulated data to lessen Tinder's valuation and rob them of stock options, and that former CEO Greg Blatt engaged in sexual harassment.


IAC is now alleging that Rad in violation of an employment agreement, created backups of internal e-mails, directly copied company files that include “highly sensitive, non-public information concerning his employers’ business strategies and plans.” and forwarded company e-mails to personal addresses.

Tinder's history has had a share of lawsuits beginning from that of co-founder W…

DoorDash Now Available In All 50 U.S. States

Food delivery service DoorDash is now live in Alaska, Montana, and South Dakota, its 48th, 49th and 50th states respectively marking it as the first on-demand delivery platform to operate in all states in the U.S. The company has also launched in new cities across North Dakota, West Virginia, and Wyoming, making its service available in more regions across America.

The new cities DoorDash has gotten into are shown below:
Alaska: AnchorageMontana: Billings, Bozeman, and Missoula North Dakota: Fargo South Dakota: Sioux Falls West Virginia: Morgantown and Huntington Wyoming: Cheyenne

Customers in these regions can now order between the hours of 11 a.m. and 10 p.m. local time from restaurants including Wendy's, Chick-fil-A, Chipotle, Dipper Donuts in Anchorage, Red Tractor Pizza in Bozeman and Izumi Sushi in Fargo. In total, DoorDash now operates in 3,300 cities across the U.S. and Canada, a quintuple from 600 in the previous year.


Infor Raises $1.5 Billion Ahead Of Potential IPO

Infor, the cloud software company led by former Oracle president Charles Phillips has announced $1.5 billion in funding from Koch Equity Development (KED) and Golden Gate Capital, nearly two years after KED invested over $2 billion in the New York based company.

Infor inked over $3 billion in 2018 revenues, having garnered more than 9,500 customers in 110 countries for its CloudSuites core products. In total, it counts over 68,000 customers in 170 countries which include 8 out of  top 10 global luxury brands, 19 of the top 20 automotive suppliers, 18 of the 20 largest U.S. cities and 18 of the 25 largest U.S. healthcare delivery networks according to a press statement.


It employs 17,300 people worldwide and says it has invested approximately $2.5 billion in product design and development over the last five years with 475 new products, 1,870 integrations, and 20,700 industry features in its CloudSuite product line delivered.

“Companies see the value in shifting their enterprise applic…

HomePod To Be Available In China Starting Friday

Apple's wireless smart speaker, the HomePod will become available in in mainland China and Hong Kong markets starting Friday, January 18 as recently announced by the company. Residents in the country will now be able to use the wireless speaker designed for voice control with an array of six microphones and access over 40 million songs from Apple Music streamed directly to the speaker.

The HomePod features Airplay 2 enabling users to stream music and other audio content from local services like QQ Music, iHuman Music, Penguin FM and Dragonfly FM in mainland China and Spotify, KKBOX, JOOX and Podcast in Hong Kong.


The speaker can also be used for functions like checking the weather and latest sport scores, setting reminders and alarms, making and receiving phone calls and monitoring of HomeKit enabled smart home accessories such as door locks, security cameras, lights and air quality monitors.

It's expected to cost RMB 2,799 (around $408.21) for Chinese users, a bit above the …

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Leaked E-mails Show Apple And Qualcomm May Have Fallen Out For Another Reason

Apple and Qualcomm are in the midst of a legal battle regarding licensing and royalty payments for use of the latter's chips, a business method Apple is pushing against which has led to a fallout between both companies. The ongoing suit has seen Apple COO Jeff Williams testify that Qualcomm refused to supply chips for 2018 iPhones and Qualcomm CEO Steve Mollenkopf argue that its push to become the sole supplier of iPhone chips, one that regulators term as anti-competitive conduct was in response to a $1 billion "incentive payment" demanded by Apple.

But leaked e-mails between Williams and Mollenkopf seen by Bloomberg suggests that both companies may have cut ties over a software dispute. "In my wildest imagination of some evil intention of Apple, I have trouble coming up with a real scenario where anything of significant value could be leaked based on this code," Williams penned in September 2017.


"I just hope the licensing dispute doesn’t cloud good judg…

Google Acquires Unspecified Smartwatch Technology From Fossil Group For $40 Million

Google has entered an agreement with Fossil Group to purchase $40 million worth of smartwatch technology and a portion of its research & development team, the technology being unspecified and what Wareable says is a “new product innovation that’s not yet hit the market,” as told by Fossil’s executive vice president of chief strategy Greg McKelvey.

“Wearables, built for wellness, simplicity, personalization and helpfulness, have the opportunity to improve lives by bringing users the information and insights they need quickly, at a glance. The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry by enabling a diverse portfolio of smartwatches and supporting the ever-evolving needs of the vitality-seeking, on-the-go consumer,” vice president of product management for Google WearOS Stacey Burr said in a statement.


“Fossil Group has experienced significant success in its wearables business by focusing on product design and deve…

VW Not Yet Committed To Collaborating With Ford On Self-driving Cars

Volkswagen, set to announce an alliance with automaker Ford this Tuesday has not yet decided to collaborate with the company on self-driving cars, Its CEO Herbert Diess said, speaking to reporters in a roundtable at the North American International Auto Show.

“There’s still a lot of hype” about driverless vehicles and "a lot of money flowing in, but I think it’s still a long way to go until we really get the first paybacks,” Diess said. “There’s one alternative, which could be joining forces with Ford. It’s not yet decided. But it’s still a long way to go, many millions to be poured in and probably some setbacks to expect.”


In November, Volkswagen was reported to be considering an investment in Ford's Argo AI self-driving unit and also looking to share electric vehicle technology with Ford, tapping into the high amounts it has committed for battery powered vehicles.

Both companies have scheduled a tele-conference to reveal the results of discussions between them but Diess in…

Tinder Owner IAC Sues Co-Founder Sean Rad Over Company Documents

Match Group, the Dallas based online dating company behind popular services including Tinder, OkCupid and PlentyOfFish and its parent firm IAC has filed a lawsuit against Tinder co-founder and ex CEO Sean Rad alleging theft of company files and other proprietary files. The lawsuit filed in a Manhattan state court on Tuesday claims $250 million in damages.

It comes six months after Rad and other Tinder co-founders filed a $2 billion lawsuit against IAC, alleging it manipulated data to lessen Tinder's valuation and rob them of stock options, and that former CEO Greg Blatt engaged in sexual harassment.


IAC is now alleging that Rad in violation of an employment agreement, created backups of internal e-mails, directly copied company files that include “highly sensitive, non-public information concerning his employers’ business strategies and plans.” and forwarded company e-mails to personal addresses.

Tinder's history has had a share of lawsuits beginning from that of co-founder W…

Apple Ordered By German Court To Halt Part Of Press Release In Qualcomm Case

Apple has been ordered by a German court to stop use of part of a press release stating all iPhones would be available for purchase in the country through resellers and carriers after being banned from selling the iPhone 7 and iPhone 8 models in the country following a patent dispute with Qualcomm, a copy of a filing examined by Reuters show.

“The press release ... is misleading as it contains statements that are at least potentially deceptive about the availability of the goods, namely the iPhones affected by the ruling,” A three-judge panel penned in the latest ruling. Qualcomm obtained this injunction against Apple on Thursday after a similar move in China.


At the time, Apple said it would no longer sell the iPhone 7 and 8 at its 15 retail locations in Germany but the models would remain available through over 4,300 carriers and resellers in the country.

 The Apple-Qualcomm on-going legal battle has witnessed lots of arising issues including Apple COO Jeff Williams stating Qualcom…

Airbnb Profitable For Two Years Straight As It Heads For Public Markets

Airbnb today announced a number of milestones which include being profitable for a second year on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis in 2018. This counts as a plus as the company heads for an IPO reported to be taking place this year.

It also says it's on track to hit 500 million guest arrivals on its platform by the end of Q1 this year. While specific figures are not provided, the company exceeded its 2017 projections with $93 million in profit on $2.6 billion in revenue, Bloomberg says with CEO Brian Chesky promising a public offering before 2020 when some employee stock grants expire.

This month, longtime Amazon executive Dave Stephenson joined the company as chief financial officer, a key role in preparation for an IPO after its previous CFO Laurence Tosi left last year amid a disagreement with Chesky.

“He (Dave Stephenson) will use his experience in growing large businesses quickly at scale to ensure we are investing for both gro…

U.S. Regulators Reportedly Mulling Fine Against Facebook For Privacy Violations

According to The Washington Post, the Federal Trade Commission is considering imposing a 'record-setting' fine against Facebook for violation of a legally binding agreement to protect the privacy of its users' data, citing three people familiar with the case. The Post says the fine is expected to be much higher than the record $22.5 million fine imposed against Google in 2012 for a similar issue.

It says the FTC's exact findings in a probe that began last year against Facebook has not been finalized with a plan to issue a formal recommendation for a fine expected soon. Facebook has faced lots of backlash and probes regarding handling of user data ranging from the Cambridge Analytica saga that affected 87 million of its users to reports of data scraping on Android users and even a hiring of opposition research firm Definers Public Affairs, targeting financier George Soros who has criticized the company's privacy practices.

Several public apologies have not been abl…

DJI Uncovers Corruption Cases Leading To $150 Million Loss

Drone maker DJI has discovered several cases of corruption and expects 2018 losses of over 1 billion yuan ($150 million) as a result, the company said on Friday. It says the cases came to light during routine quality control last year and has kicked off investigation, handing a number of employees to authorities already.

According to state-run China Securities Journal citing an internal report, more than 40 people at the consumer drone manufacturer had been investigated on this issue. This counts as a minority for the company which employed 12,000 people as of 2018 end. “DJI condemns any form of corruption strongly and has set up a high-level anti-corruption task force to investigate further and strengthen anti-corruption measures,” DJI said.


“A number of corruption cases have been handed over to the authorities, and some employees have been dismissed,” It added. Headquartered in Shenzhen, 12 year old DJI is the world leading consumer drone manufacturer with a 74% market share accord…

Facebook To Invest $300 Million In News Partnerships And Programming Over Three Years

Facebook has announced it's investing $300 million over three years on local news partnerships and programming globally, allotting investments to expand memberships and subscription accelerators. It has already distributed $16 million among various journalism non-profits and organizations including the American Journalism Project, Community News Project, Knight-Lenfest Local News Transformation Fund, Report for America and the Pulitzer Center as part of this effort.

It's investing the same amount allocated for a similar project last year by Google, the ‘Google News Initiative’ through which the company gives out money to “help stimulate innovation in digital journalism” among European publishers. The company last year shifted its News Feed algorithm in favor of more “meaningful interactions” and less Page/news content, This evolved to focus on trusted local news for its users indicating efforts in this space.

“We’re going to continue fighting fake news, misinformation, and lo…

Tesla To Lay Off 7% Of Staff And Focus On Model 3 Production

Just after SpaceX, Elon Musk's Tesla has announced it's cutting its full-time employee headcount by 7% while it focuses on increasing the Model 3 production rate and improving manufacturing, two crucial points it says it requires to produce the standard range (220 mile), standard interior Model 3 at $35k and still stand as a viable company.

Tesla touts 2018 as its most successful year in history, having delivered almost as many cars as it did in all of 2017 in the last quarter alone and as many last year as it did in all of its prior years of existence combined. The Model 3 also became the best-selling premium vehicle in the U.S for the year.


But of current, its most affordable vehicle is the mid-range (264 mile) Model 3 with premium sound and interior at $44,000 with the need for a lower priced variant a key one for stability. On the 1st of July, a tax credit for Tesla vehicles is fully phasing out and will make its vehicles $1,875 more expensive for buyers.

Tesla says the c…