*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.
Virtual care and digital medicine provider Biofourmis recently raised $300 million in a Series D round led by General Atlantic and with participation from CVS Health. Biofourmis offers at-home care and digital therapies backed by artificial intelligence, which can remotely monitor patients while they are at home. The company says it hopes its technology can improve patient outcomes while reducing the cost and burden of care. Kuldeep Signh Rajput, Founder and CEO of Biofourmis, joins Cheddar News' Closing Bell to discuss.
Dr. Michael Bottlang and Dr. Steve Madey, co-founders of WaveCel, join Cheddar Innovates to share their breakthrough in hard hat design that could have ramifications for protecting against head trauma across industries.
Melissa Snover, Founder & CEO of Nourished, joins Cheddar Innovates to discuss her one-of-a-kind business that offers customizable, 3D printed vitamins that offer less hassle, cost, and waste than traditional vitamins.
Mental health platform Real recently raised $37 million in a Series B round led by Owl Ventures. Through its mobile app, Real says it provides mental health care at a lower cost than traditional therapy and aims to make mental wellness a part of everyone's daily routine. The company also announced that U.S. soccer star Megan Rapinoe will serve as an adviser to the company. Ariela Safira, Founder & CEO of Real, joins Cheddar News' Closing Bell to discuss.
Catching you up on what you need to know on April 28, 2022, with Elon Musk mocking Twitter's top legal exec Vijaya Gadde on the platform itself, a probe in George Floyd's death finding discrimination within the Minneapolis police force, the latest California drought leading to new water restrictions, and more.
