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Tesla to Cut Price on Chinese Model 3 With CATL Battery

(Bloomberg) — Tesla Inc. is set to launch its first Model 3 sedan equipped with cheaper batteries in China as soon as Thursday, allowing it to cut the cost of vehicles and boost sales in the world’s largest electric-vehicle market, people familiar with the matter said.

The mass-market Model 3s with the new batteries from a Chinese supplier will sell for 249,900 yuan ($36,800) after government subsidies, bringing the starting price of Tesla’s basic model down by almost 10%, one of the people said. The cheapest current models are 271,550 yuan after subsidies.



a person standing in front of a building: China Weighs Cuts to Electric-Car Subsidies It Just Extended


© Bloomberg
China Weighs Cuts to Electric-Car Subsidies It Just Extended

An advertisement for the Tesla Model 3 is displayed at a dealership in Shanghai.

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Photographer: Qilai Shen/Bloomberg

Tesla’s new powertrains are expected to include a cobalt-free lithium iron phosphate (LFP) battery made by Ningde, Fujian-based Contemporary Amperex Technology Co. Ltd. The battery has a

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Serious Warning Issued Over $300,000 Bitcoin Stock-To-Flow Price Model

Bitcoin is on track to be one of the year’s best performing assets, despite a recent retraction—but that’s not stopped bitcoin bulls from fighting on Twitter.

The bitcoin price has climbed through much of 2020, adding some 40%, with the bullish stock-to-flow model—that predicts a massive $288,000 bitcoin price before 2024—working “like clockwork,” according to its anonymous creator.

However, a number of high-profile bitcoin analysts and entrepreneurs have clashed over the stock-to-flow model this last week, with the anonymous PlanB accusing his critics of trying to unmask him and his model derided as “absolutely useless.”

MORE FROM FORBESBitcoin And Blockchain Are The ‘Future’ Of Twitter, CEO Jack Dorsey Reveals

“The [stock-to-flow] model is based

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