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Tesla Model 3: Elon Musk's mass-market car is a magic carpet ride – LA Times

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Tesla’s Model 3 is the most highly anticipated car of the 21st century. It may be the most eagerly awaited car of all time. More than 450,000 people put down  $1,000 refundable deposits  to reserve one of the “affordable” battery electric sedans after Tesla Chief Executive Elon Musk unveiled the car and inaugurated the waiting list in March 2016. Since then, online forums and automotive news websites have breathlessly reported every Musk tweet, production delay or postponed delivery date. Now the first Model 3s are rolling away from the Fremont factory, and we were able to secure one for a long holiday weekend test drive. So? The Model 3, from its inception as Tesla’s “mass-market vehicle,” promised the transportation trifecta of long range, low cost and high performance. The 3 was to be sporty, silent and quick, and emit zero pollutants, while going at least 200 miles on a charge and costing less than $35,000 before rebates and incentives. Many people assumed it woul
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Bitcoin, Ethereum and almost every other cryptocurrency is plunging

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Look away now if you own bitcoin or other cryptocurrencies. This won’t be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages. The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing. The price drop is having a huge impact.  According to Coinmarketcap.com , a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isn’t in the red over the past 24 hours. That’s Tether. It’s a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16. Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin. The top 10 based on coin market caps… Numbers 11-20… Finally, a little green ink at number 25…
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Bitcoin and cryptocurrencies 'will come to a bad end', says Warren Buffet

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The billionaire investor and his longtime manager Charlie Munger, two of the world’s most successful investors, say they’d never invest in cryptocurrencies. Billionaire investor  Warren Buffett  said Wednesday that he would never invest in Bitcoin or other cryptocurrencies, and predicted the wildly popular assets are in for a fall. World's richest 500 see their wealth increase by $1tn this year Read more “I can say almost with certainty that cryptocurrencies will come to a bad end,” Buffett told  CNBC in an interview. Buffett’s comments were backed by Charlie Munger, his longtime partner at his investment company Berkshire Hathaway, who described the soaring values of  Bitcoin  and the other cryptocurrencies as “bubbles”. Munger said investors “are excited because things are going up at the moment and it sounds vaguely modern. But I’m not excited.” Q&A What is bitcoin and is it a bad investment? Show Munger has been a persistent critic o
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