First Customers Get Tesla Model 3 Electric Cars

While more than 500,000 people have put down a deposit for the privilege of owning Tesla's new Model 3, according to the company, 30 employees were the lucky few to receive their vehicles first.

Tesla CEO Elon Musk took the stage at a companywide event in Fremont, Calif., on Friday night to hand over the vehicles. Approximately a half-million people have put down $1,000 to eventually own an affordable long-range all-electric car.

Let's consider the week:

The Los Angeles Metropolitan Transportation authority, the nation's second-largest transit system with the nation's largest bus fleet made an investment of $138 million in electric buses. It's the first step in the city's plan to make the bus fleet all-electric by 2030.
  • California Gov. Jerry Brown signed legislation extending the "cap-and-trade" program aimed at reducing use of fossil fuels. The state's "cap and trade" was first signed into law by Gov. Arnold Schwarzenegger. It has been a powerful tool for California's already-powerful air quality agency, the California Air Resources Board. Schwarzenegger joined Brown at the signing ceremony.
  • Great Britain followed France in announcing that it would ban the sale of new cars fueled by gasoline or diesel fuel by 2040. It's part of a plan to phase out petroleum-fueled cars and light trucks altogether by 2050.
  • Toyota Motor Corp is working on an electric car powered by a new type of battery, according to reports from Japanese paper Chunichi Shimbun. The battery is supposed to significantly increase driving range and cut charging times. The new battery technology is supposed to be in cars by 2022.
  • Royal Dutch Shell CEO Ben Van Beurden said the company was focusing on the idea of oil prices that were "lower forever." The company says it's shifting its focus from oil to natural gas and plans on taking a bigger role in renewable energy so as not to miss out on a potential electric vehicle boom. Van Beurden said he is switching to an electric vehicle himself.
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