*By Carlo Versano*
Tesla CEO Elon Musk [tweeted](https://twitter.com/elonmusk/status/1053060766771761152) Thursday night that a long-awaited cheaper version of the Model 3 is now on sale.
According to the re-launched Model 3 [website](https://3.tesla.com/model3/design?#battery), the sticker for the new variant ー which has a "mid-range" battery that can go 260 miles between charges ー will be $45,000. But Musk said the cost is closer to $35,000 "after federal & state tax rebates in California."
He added: "But true cost of ownership is closer to $31k after gas savings."
The surprise announcement came as Musk seeks to right the ship at Tesla after a string of controversies and high-level departures. Most recently, Tesla's manufacturing VP stepped down, following resignations from its HR, supply chain, and accounting chiefs, among others . Musk has also agreed to relieve himself of his chairman role in a settlement with the SEC over accusations he manipulated the company's stock price with his tweets about taking it private over the summer.
But the company has been firing on all cylinders in terms of production, having built 53,000 Model 3s in its last reported quarter. Those vehicles were priced higher and came with a longer-range battery.
The gaming industry is about to take center stage as the next dominant technology platform, according to a new report from the consulting firm Activate. The pandemic has accelerated gaming's popularity, with overall time spent gaming increasing by 29 percent. Michael J. Wolf, co-founder and CEO of Activate, joined Cheddar to discuss some of the key findings of the report and why he thinks video game platforms are the only ones that stand a chance of building the so-called metaverse.
Voyager, Nanoracks, and Lockheed Martin are all teaming up to develop the first-ever free-flying commercial space station with room for a crew of four astronauts. The private companies are joining forces as part of NASA’s greater mission to retire the International Space Station by the year 2030. The low-earth orbit space station will be called "Starlab," and is planned to achieve operational capability by 2027. Lisa Callahan, Vice President and General Manager of Commercial Civil Space at Lockheed Martin, and Matthew J. Kuta, President and Chief Operating Officer of Voyager Space, joined Cheddar’s Opening Bell.
Jill and Carlo cover the latest developments in the Alec Baldwin prop gun shooting, when vaccines for kids as young as 5 should be approved, new reporting on Facebook and more.
Tesla's third-quarter earnings report is expected to beat expectations on both the top and bottom lines amid record-high delivery numbers. The electric vehicle giant hit a record high of 241,000 deliveries - strong numbers amid ongoing global semiconductor and supply chain shortages. This segment is brought to you by Webull. Download the Webull app and start learning, sharing, and investing.
