Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Nvidia Develops New Location-Verification Technology for AI Chips 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
The Tesla Model 3 is one of the most highly anticipated cars in the world and its production phase is closely watched by practically every auto enthusiast publication and news network. Recently, CEO Elon Musk Tweeted a picture of one of the cars, which is the first to come out of production. It’s being taken as a sign that Tesla is finally ready to start meeting its own production deadline.
As BGR notes, Tesla has earned the unfortunate reputation of missing its production targets with regards to its previous cars. However, it would seem that the company has finally learned from past mistakes and is set to meet demands as scheduled.
With regards to the honor of owning the first Model 3 to come out of the production line, the privilege would go to the owner of the company himself. It would seem that the car would be going to Musk, as was the case when the first Roadster and Model X came out. There’s no nefarious dealings involved in this case, however, as the car was actually a gift from Ira Ehrenpreis, one of the company’s board members.
Musk also clarified via Tweet that the first person to get a car from the company is the first to pay full price. That’s why he didn’t get the first production model of the Model S.
The next drivers to get behind the wheel of the Model 3 will be the first 30 who already made reservations. Delivery is set to be on July 28th, BBC reports, at which time the owners will get to try the four-door sedan.
Costing $35,000, the Model 3 is Tesla’s cheapest vehicle. This puts it in the range of mass-consumer cars. It’s also almost half as cheap as the company’s next cheapest model, but it will still come with Tesla’s signature goodies.
