Monday, August 20th, 2018

Tesla Could Launch a $25,000 Model in 3 Years

Elon Musk sat down in an interview with Youtuber, Marques Brownlee, discussing Tesla and the future of electric vehicles.

In the interview, Musk states that the company could produce an entry-level priced model at $25,000.

There are no definite plans, however, he stated that the model could be produced by 2021.

Walmart Completes its Investment in Flipkart
Company Press Release

The company announced that it completed its investment in India’s largest eCommerce company.

Walmart is now the largest shareholder at 77%.

The investment transforms Walmart’s position in a country with more than 1.3 billion people, strong GDP growth, a growing middle class and significant runway for smartphone, internet and eCommerce penetration.

DoorDash Raises New Funds Valuing the Company at $4 Billion
DoorDash Announcement 
Company Press Release

The on-demand food delivery company announced that it raised $250 million in a round led by Coatue Management and DST Global.

According to the company, its geographic footprint has nearly doubled to more than 1,000 cities across the U.S. and Canada and it’s on pace to reach 2,000 cities this year.

According to Edison Trends, DoorDash has become the fastest growing last mile logistics company in the U.S.