Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Tesla CEO Elon Musk Plans to Introduce New Mini-Car for Adults

The electric car maker reported revenue of $4 billion in the second quarter of 2018, with $2.2 billion in cash in hand.

IANS

Updated:August 6, 2018, 12:05 PM IST
facebookTwitterskypewhatsapp
Tesla CEO Elon Musk Plans to Introduce New Mini-Car for Adults
File photo of Elon Musk. (REUTERS)

Bullish on the performance and increased production of "Model 3" cars, Tesla CEO Elon Musk is now planning to introduce a mini-car. "We're working on a new Tesla mini-car that can squeeze in an adult," Musk tweeted on Sunday, replying to a user who asked him about a "Model X Radio Flyer" toy car.

The "Model S Radio Flyer" toy car which is currently available for children in the age group of three to eight, comes with a 130-watt battery pack. Musk, however, did not elaborate on when the Tesla mini-car will hit the roads. The electric car maker reported revenue of $4 billion in the second quarter of 2018, with $2.2 billion in cash in hand. Tesla is producing roughly 7,000 Model 3, Model S and Model X vehicles per week.

In July, Model 3 -- that comes with a base price tag of $35,000 -- not only had the top market share position in its segment in the US, but it also outsold all other mid-sized premium sedans combined -- accounting for 52 per cent of the segment overall. The company expects to produce 50,000-55,000 Model 3s in Q3.

"We aim to increase production to 10,000 Model 3s per week as fast as we can. We believe that the majority of Tesla's production lines will be ready to produce at this rate by the end of 2018," Musk said during the company's second-quarter results last week. Tesla's CEO had also recently hand-delivered a Model 3 to a customer in the US.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Abhinav Jakhar
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results