Afternoon Coffee: Tesla Delivers First Model 3 Cars to Customers, California Approves VW’s Plan for Clean Energy Infrastructure

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The first 30 customers to order a Model 3 will get the keys to their highly anticipated electric cars Friday, Bloomberg reports. The $35,000 electric sedan has several rumored features, including autopilot that would give drivers Level 3 autonomy, allowing them in certain conditions to fully ignore the road.

VW’s Infrastructure Plan 

A plan from Volkswagen to invest $800 million to support zero-emission vehicle use in California over 10 years gained approval from the California Air Resources Board, according to the San Francisco Chronicle. The money comes after a settlement with the state last year stemming from VW’s emissions cheating scandal.


The quarterly results came in as expected: U.S. GDP increased 2.6% in the second quarter, CNBC reports. The numbers confirmed the continuation of the current expansion’s lackluster growth.

SpaceX’s (Private) Valuation 

And finally, a fun Friday news item: Elon Musk’s other big venture, SpaceX, is now valued at $21 billion, making it one of the most valuable privately held companies in the world, according to the New York Times. There are only seven companies valued at $20 billion or more globally, including Uber, Airbnb and Palantir.

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