Tesla announced that it expects to debut an affordable, autonomous electric vehicle in three years' time during its inaugural Battery Day event.
"We're confident that long term we can design and manufacture a compelling $25,000 electric vehicle," CEO Elon Musk said to the drive-in audience of stockholders, many of whom honked upon hearing the news. "This has always been our dream from the beginning of the company."
Important note about Tesla Battery Day unveil tomorrow. This affects long-term production, especially Semi, Cybertr… https://t.co/FO4xHXAs9Q— Elon Musk (@Elon Musk)1600721812.0
This model will be enabled by a new "tabless" battery that the company announced it will begin producing in-house for its cost benefits and energy improvements. Musk and other Tesla executives said this new battery product will eventually halve the company's cost per kilowatt-hour, the unit of energy commonly used to measure the capacity of electric vehicle battery packs.
Tesla did not say where this new vehicle will be produced. However, earlier in the Battery Day event, Musk touted the benefits of the company's new and forthcoming factories, including Giga Texas, which is currently under construction in Southeast Travis County.
"For Giga Texas in Austin, even if we had exactly the same (vehicle) classes in California, it would still be advantageous to do it there because it's roughly two-thirds of the way across the U.S.," he said. "So in terms of delivering cars to the central U.S. and the East coast, it's just faster, costs less, and it fundamentally improves our economics."
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Austin FC has added another iconic Austin sponsor ahead of their first season.
Austin Eastciders is now the "official cider" of Austin's first professional sports team and will promote their partnership at several locations around the city.
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Longtime Austinite Carlos Garza has recently toggled between the local rental and housing markets. He sold his Southwest Austin home last October, after living there for around a decade. Within two days of listing the property, it had received multiple offers; he ended up accepting an offer slightly above asking price within the week. "We were very pleased with the process," he told Austonia.
Since selling, Garza has rented an apartment while he decides what he'd like in his next home. Although it was a bit of sticker shock compared to what he paid to rent 10 years ago, he knows that rent is "relatively low" compared to recent years.
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