AutoComplete: Tesla finally unleashes the $35K Model 3
Here's what's making news on Road Show.
Well, after years of being mocked and maligned, Tesla finally figured out how to make and sell the long awaited $35 thousand dollar Model 3. It's got a range of 220 miles thanks to a battery pack with around half the cells of the long range car.
It's got heated, manually adjustable cloth seats, and something that Tesla calls basic audio.
If you order one now, Elon says you can get it by June.
Do you guys think it's worth it?
You guys, Lyft is trying to go public.
It filed it's IPO paperwork with the Securities and Exchange Commission, for what could end up being a $100 million IPO.
The company could go public as soon as next month.
The most interesting bit of the whole IPO process isn't actually the IPO itself, but all of the formerly private data that a company has to release to potential investors.
For example, Lyft said it's service toll was 31 million customers in the US and Canada last year and that it's completed almost a billion rides.
Subaru just announced a new recall for 1.3 million of its vehicles in the United States over concerns that the brake lights could stop working.
Now, keep in mind this is just the lights, not the brakes themselves.
But The recall covers 2008 to 2017 Crosstrack, Imprezza and Forester models and thankfully it's a pretty simple fix that just involves replacing the brakelight switch itself.
The issue with the switch occurs when consumers use silici=one based cleaning and detailing products near the switch.
And a film develops that can prevent the switch from making electrical contact when depressed.
Find more on these stories at theroadshow.com, we'll talk to you Monday.
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