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Tesla explains why buying a car with Bitcoin is stupid

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As you know, Tesla began accepting Bitcoin as payment for electric vehicles. However, the conditions for buying with cryptocurrency are such that the automaker, in fact, openly says: choosing this option is stupid.

To begin with, the manufacturer reminds that when paying, you need to make sure that the digital wallet number and amount are entered correctly. This point is not objectionable. But then everything becomes not so simple.

In particular, Tesla states that the value of the cryptocurrency is unstable, so the price of the car is fixed only in dollars, and the equivalent price in Bitcoin is determined at the time of ordering and is valid only for a certain time interval, the so-called “price window”.

It is the buyer’s responsibility to complete the payment in the amount shown on the payment web page. After the “price window” expires, you need to request a new price and restart the payment process. If the buyer has placed a deposit and the price has changed, he can count on a refund of the deposit, but he will have to re-order. If, in the final settlement, the actual amount converted into dollars is lower than the price of the car in dollars, the buyer will have to pay extra. If it turns out to be higher, the company will keep the difference.

If the buyer decides to abandon the purchase and return the car, the company is not obliged to return the amount in Bitcoin. In case of any changes in the value of the cryptocurrency, the buyer can only count on the amount in dollars that is indicated in the invoice.

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Electric Cars

Tesla Model 3 and Model Y have risen in price for the second time in a month, new buyers of the base Model 3 will receive their car only by September 2022

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Tesla had already raised the price of its best-selling Model 3 and Model Y in the United States a few weeks ago, and now the company is raising prices again. Once again, the most popular models suffer. The increase was $ 2,000, however, it did not affect all modifications.

Thus, the Model 3 Standard Range Plus has risen in price from 42,000 dollars to 44,000. Interestingly, Tesla also updated the data on the lead time for the base Model 3 – new buyers will receive their electric car only in September 2022. However, it is possible to reduce the waiting period by several months if you choose larger wheels instead of standard wheels. Then you can get a freshly ordered base Model 3 by June 2022.

Tesla Model Y Long Range Dual Motor has risen in price from $ 55,000 to $ 57,000. Here, with the fulfillment of new orders for the Long Range version, it is also not easy: new buyers will have to wait for the crossover until August next year.

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Electric Cars

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

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Tesla yesterday released its financial report for the third quarter of this year, which recorded revenues of $ 13.76 billion and net income of $ 1.62 billion. Against the backdrop of stagnation in the industry due to a lack of components, Tesla’s report looks very convincing, which immediately affected the value of shares – they went up.

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

Yes, the day Tesla shares added $ 10 in price and went beyond the psychological mark of $ 900. They have never been so expensive. As a result, Tesla’s market capitalization surpassed the $ 908 billion mark.

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

There is no other company in the automotive industry that has a comparable market value. By comparison, Toyota is in second place, with a market value of just under $ 240 billion. If we sum up the market capitalizations of the most famous automakers in the world, it turns out that Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan – with all their brands.

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Electric Cars

14 electric motors and a cruising range of 160 km. NASA’s X-57 Maxwell electric aircraft prepares for its maiden flight

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In the summer of 2016, NASA announced plans to create an electric X-57 Maxwell aircraft. Then it was only a concept, but two years ago we already saw a partially finished aircraft.

And now he is preparing for his first flight. The X-57 Maxwell is based on the light Italian Tecnam P2006T aircraft, which allowed NASA to significantly reduce the time it takes to create its project.

The first flight of the X-57 is scheduled for next spring. At the same time, in the existing photographs, the aircraft is equipped with only two engines, although the concept involves the additional installation of 12 more smaller ones, the blades of which fold when not in use. They will be installed later.

14 electric motors and a cruising range of 160 km.  NASA's X-57 Maxwell electric aircraft prepares for its maiden flight

According to NASA forecasts, the aircraft will eventually be able to reach a cruising speed of 277 km / h. The power reserve is expressed in the ability to fly about 160 km, or about 40 minutes. To achieve such indicators, the aircraft will need a battery weighing about 363 kg.

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