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Munchery Crunches, After Raising $125 Million And A $300 Million Valuation

San Francisco based food delivery service Munchery - one that raised $125.4 million in funding according to Crunchbase with a $300 million valuation from a previous round according to the Wall Street Journal - has announced its shutting down after nearly a decade of operation. The company made this known this in an e-mail sent to customers on Tuesday, stating that outstanding orders will be cancelled and refunded.

“Since 2010, we have been committed to bringing fresh, local, and delicious meals into your homes along with all our customers across the country, We’ve been delighted to work with world-renowned chefs, experiment with diverse and unique ingredients and recipes, and be a part of your holiday feasts and traditions. We have also enjoyed giving back to our community through meal donations, volunteer service, and so much more…We are so grateful to have had the opportunity to share our dream with you – it has been truly wonderful. Happy Eating!” Munchery's e-mail stated.


A s…
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Desktop Metal Raises $160 Million Round Led By Koch Subsidiary KDT

Massachusetts based 3D printing technology provider Desktop Metal has raised $160 million in new funding led by Koch Industries subsidiary Koch Disruptive Technologies (KDT), boosting the total raised by the company to $438 million and marking it as the most funded private company in the 3D printing industry.

Desktop Metal founded in 2015 by experts in advanced manufacturing, robotics and metallurgy produces a 3D printing system dubbed 'Studio System' which the company says "is the world’s fastest metal printing press for mass production with over 400 percent productivity over the closest binder jet alternatives and more than 100 times faster than laser powder bed fusion systems in the market".


The Studio System is designed to print and sinter parts in an office environment, capable of printing a broad range of alloys including reactive metals like titanium and aluminum. Desktop Metal says it's adopted by major Fortune 500 companies with initial systems set to b…

Boeing Completes First Test Flight Of Autonomous Flying Vehicle

Boeing has successfully completed the first test flight of its autonomous passenger air vehicle, the company announced on Wednesday. Boeing NeXt, the unit responsible for its 'urban air mobility' efforts, resorted to Aurora Flight Sciences - the aviation and aeronautics research subsidiary it acquired in October 2017 - for design and development of the electric vertical takeoff and landing (eVTOL) aircraft and says it will go ahead with testing to advance safety and reliability.

During the flight, the passenger air vehicle (PAV) prototype completed a controlled takeoff, hover and landing which tested its autonomous functions and ground control systems, Boeing says. Future flights will test forward, wing-borne flight and the transition phase between vertical and forward-flight modes. The transition phase typically is the key challenge involved in development of any high speed vertical takeoff and landing aircraft.


Boeing's prototype is designed for fully autonomous flight …

Johnson & Johnson Reportedly Pursuing An Acquisition Of Surgical Robotics Firm Auris Health

Johnson & Johnson, the world's number one producer of healthcare products is pursuing an acquisition surgical robotics firm Auris Health, Bloomberg reports, looking to acquire the firm at a premium to its valuation pegged at about $2 billion according to a source. Such an acquisition would mark one of the largest for the New Jersey based healthcare giant, but quite less than its $30 billion acquisition of Actellion Pharmceuticals in January 2017.

Auris Health founded in 2007 has raised some $730 million in funding according to Crunchbase data. Investors include Lux Capital, Wellington Management, D1 Capital Partners, Viking Global and  Peter Thiel's Mithrial Capital Management. The company produces robotic surgical scopes operated by a device similar to a video game controller which are steered into a patient's lungs where they can be used to identify cancerous tumors.

No final agreements have been reached yet with no certainty of a deal set, Bloomberg says.


Apple Pay Set To Launch In Target, Taco Bell, Hy-Vee, Speedway And Jack In The Box

Apple has announced five new merchants that will begin accepting Apple Pay, the world leading contactless payments system that enables customers transact through the iPhone and Apple Watch. Target, Taco Bell, Hy-Vee supermarkets, Speedway convenience stores and Jack in the Box are the latest to begin supporting Apple Pay, spreading the service to now 74 of the top 100 merchants in the U.S. and 65% of all retail locations in the country.

A roll-out in Target stores has kicked off with availability in all 1,850 locations in the U.S. expected in coming weeks. Apple Pay can now be used at over 245 Hy-Vee stores in the Midwest and inside the store at all of Speeway's locations across the Southeast, East Coast and Midwest.  A roll-out to over 7,000 Taco Bell and 2,200 Jack in the Box locations will also happen in the next few months.


Last  year, Costco, CVS and 7-Eleven began supporting Apple Pay, These new retailers are joining a league including Walgreens, Albertsons, McDonalds, Best…

Logitech Inks Record Q3 Sales and Ups Full Year Guidance Following Strong Gaming Growth

Logitech has increased its full-year profit guidance, following strong growth in its gaming hardware business that enabled it surpass third quarter expectations. In its third quarter of fiscal year 2019, it recorded sales of $864 million, up 6% from last year and cash flow of $273 million compared to $256 million for the same period last year.

Its full year profit guidance has now been raised to between $340 and $345 million, up from between $325 million and $335 million, on an annual sales outlook of 9 to 11 percent growth . July last year, Switzerland based Logitech raised its profit guidance following a rise in sales of accessories used in gaming, video collaboration and for computer tablets. The company recorded net income of $112.8 million for the third quarter ended December 31, beating various analyst estimates.


Logitech offers products via brands including its own name, Jaybird, Logitech G, Ultimate Ears, Astro Gaming and Blue Microphones, Its categories include mobile device…

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…

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…

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…

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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…

Johnson & Johnson Reportedly Pursuing An Acquisition Of Surgical Robotics Firm Auris Health

Johnson & Johnson, the world's number one producer of healthcare products is pursuing an acquisition surgical robotics firm Auris Health, Bloomberg reports, looking to acquire the firm at a premium to its valuation pegged at about $2 billion according to a source. Such an acquisition would mark one of the largest for the New Jersey based healthcare giant, but quite less than its $30 billion acquisition of Actellion Pharmceuticals in January 2017.

Auris Health founded in 2007 has raised some $730 million in funding according to Crunchbase data. Investors include Lux Capital, Wellington Management, D1 Capital Partners, Viking Global and  Peter Thiel's Mithrial Capital Management. The company produces robotic surgical scopes operated by a device similar to a video game controller which are steered into a patient's lungs where they can be used to identify cancerous tumors.

No final agreements have been reached yet with no certainty of a deal set, Bloomberg says.


Apple Pay Set To Launch In Target, Taco Bell, Hy-Vee, Speedway And Jack In The Box

Apple has announced five new merchants that will begin accepting Apple Pay, the world leading contactless payments system that enables customers transact through the iPhone and Apple Watch. Target, Taco Bell, Hy-Vee supermarkets, Speedway convenience stores and Jack in the Box are the latest to begin supporting Apple Pay, spreading the service to now 74 of the top 100 merchants in the U.S. and 65% of all retail locations in the country.

A roll-out in Target stores has kicked off with availability in all 1,850 locations in the U.S. expected in coming weeks. Apple Pay can now be used at over 245 Hy-Vee stores in the Midwest and inside the store at all of Speeway's locations across the Southeast, East Coast and Midwest.  A roll-out to over 7,000 Taco Bell and 2,200 Jack in the Box locations will also happen in the next few months.


Last  year, Costco, CVS and 7-Eleven began supporting Apple Pay, These new retailers are joining a league including Walgreens, Albertsons, McDonalds, Best…

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…

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…

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…

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…

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…