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Elon Musk predicts Tesla's Model Y—soon to be made in Austin—will be best-selling car in the world

Tesla reported a successful, record-breaking first quarter during an investors earnings call on Monday. (Tesla)

Despite production delays and global supply chain issues, Tesla broke records during the first quarter of 2021, producing and delivering more vehicles than ever before, according to an investors earning call on Monday.

"The demand is the best we've ever seen," CEO and new Austinite Elon Musk said, adding that the electric automaker's Model 3—which starts at $35,000—is now the best selling luxury sedan in the world, supplanting the BMW 3-Series.

Confident as ever, the upcoming Saturday Night Live host expects this success to continue, predicting that the Model Y—Tesla's midsize SUV, which starts at $46,690—will be "the best selling car or truck in the world" by next year.

In addition to these updates, Musk also said that construction of the Tesla Gigafactory in Southeast Travis County is moving along and expected to begin limited production of both the Model 3 and Model Y vehicles by the end of this year, with volume production to start in 2022. "We're building factories as quickly as we can," he said.

Tesla also addressed a recent fatal crash in the Woodlands, north of Houston, earlier this month. Two men died after their Tesla Model S veered off the road and hit a tree; the car then caught fire. Neither of the men were behind the wheel, leading officials to believe no one was driving at the time of the crash. Musk blamed "extremely deceptive media practices" for connecting the crash to Tesla's autopilot technology, which is currently under federal investigation.


A mortgage banker walks us through the math on purchasing a 'mid-price' Austin home

So you want to buy a house?

To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.

Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer.

Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.

So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which would be considered "mid-price" in today's market.

Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.

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Fall camping: Camp Fimfo Waco offers one-of-a-kind experiences in the heart of Texas
Camp Fimfo Waco

Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!

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