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magic ocean american village jax10289 Dear readers/followers, I've been a fairly heavy investor in Mercedes-Benz Group AG ( OTCPK:MBGAF ) for a number of years now. The company, like many automotive manufacturers in Germany that I also invest in such as Volkswagen AG ( The company discussed in this article is only one potential investment in the sector. Members of iREIT on Alpha get access to investment ideas with upsides that I view as significantly higher/better than this one. Consider subscribing and learning more here. Wolf Report is a senior analyst and private portfolio manager with over 10 years of generating value ideas in European and North American markets. He is a contributing author and analyst for the investing group iREIT®+HOYA Capital and Wide Moat Research LLC where in addition to the U.S. market, he covers the markets of Scandinavia, Germany, France, UK, Italy, Spain, Portugal and Eastern Europe in search of reasonably valued stock ideas. Learn more Analyst’s Disclosure: I/we have a beneficial long position in the shares of MBGAF, BMWKY, VWAGY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment. Short-term trading, options trading/investment and futures trading are potentially extremely risky investment styles. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. 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Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.The large mysterious drones reported flying over parts of New Jersey in recent weeks appear to avoid detection by traditional methods such as helicopter and radio, according to a state lawmaker briefed Wednesday by the Department of Homeland Security. In a post on the social media platform X, Assemblywoman Dawn Fantasia described the drones as up to 6 feet in diameter and sometimes traveling with their lights switched off. The Morris County Republican was among several state and local lawmakers who met with state police and Homeland Security officials to discuss the spate of sightings that range from the New York City area through New Jersey and westward into parts of Pennsylvania, including over Philadelphia. The devices do not appear to be The dronees wereffffflown by hobbyists, Fantasia wrote. Dozens of mysterious nighttime flights started last month and have raised growing concern among residents and officials. Part of the worry stems from the flying objects initially being spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility; and over President-elect Donald Trump’s golf course in Bedminster. Drones are legal in New Jersey for recreational and commercial use, but they are subject to local and Federal Aviation Administration regulations and flight restrictions. Operators must be FAA certified. Most, but not all, of the drones spotted in New Jersey were larger than those typically used by hobbyists. The number of sightings has increased in recent days, though officials say many of the objects seen may have been planes rather than drones. It’s also possible that a single drone has been reported more than once. Gov. Phil Murphy and law enforcement officials have stressed that the drones don’t appear to threaten public safety. The FBI has been investigating and has asked residents to share any videos, photos or other information they may have. Two Republican Jersey Shore-area congressmen, U.S. Reps. Chris Smith and Jeff Van Drew, have called on the military to shoot down the drones. Smith said a Coast Guard commanding officer briefed him on an incident over the weekend in which a dozen drones followed a motorized Coast Guard lifeboat “in close pursuit” near Barnegat Light and Island Beach State Park in Ocean County. Coast Guard Lt. Luke Pinneo told The Associated Press Wednesday “that multiple low-altitude aircraft were observed in vicinity of one of our vessels near Island Beach State Park.” The aircraft weren't perceived as an immediate threat and didn't disrupt operations, Pinneo said. The Coast Guard is assisting the FBI and state agencies in investigating. In a letter to U.S. Defense Secretary Lloyd Austin, Smith called for military help dealing with the drones, noting that Joint Base McGuire-Dix-Lakehurst has the capability "to identify and take down unauthorized unmanned aerial systems.” However, Pentagon spokeswoman Sabrina Singh told reporters Wednesday that “our initial assessment here is that these are not drones or activities coming from a foreign entity or adversary.” Many municipal lawmakers have called for more restrictions on who is entitled to fly the unmanned devices. At least one state lawmaker proposed a temporary ban on drone flights in the state. “This is something we’re taking deadly seriously. I don’t blame people for being frustrated," Murphy said earlier this week. A spokesman for the Democratic governor said he did not attend Wednesday's meeting. Republican Assemblyman Erik Peterson, whose district includes parts of the state where the drones have been reported, said he also attended Wednesday's meeting at a state police facility in West Trenton. The session lasted for about 90 minutes. Peterson said DHS officials were generous with their time, but appeared dismissive of some concerns, saying not all the sightings reported have been confirmed to involve drones. So who or what is behind the flying objects? Where are they coming from? What are they doing? “My understanding is they have no clue,” Peterson said. A message seeking comment was left with the Department of Homeland Security. Most of the drones have been spotted along coastal areas and some were recently reported flying over a large reservoir in Clinton. Sightings also have been reported in neighboring states. James Edwards, of Succasunna, New Jersey, said he has seen a few drones flying over his neighborhood since last month. “It raises concern mainly because there's so much that's unknown,” Edwards said Wednesday. “There are lots of people spouting off about various conspiracies that they believe are in play here, but that only adds fuel to the fire unnecessarily. We need to wait and see what is really happening here, not let fear of the unknown overtake us." —— AP reporters Mike Catalini in Morrisville, Pennsylvania; and Wayne Parry in Point Pleasant, New Jersey, contributed to this report.

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ISTANBUL Brazilian midfielder Oscar returned to Sao Paulo on Tuesday on a three-year deal, after 14 years. "I'm happy to be back in Brazil and to play for São Paulo, which is the club where I started, got my foundation, and became prominent. I'm happy about this opportunity to return, and so is my family," Oscar said in a statement. "I'm grateful for the affection I've received on social media in the last few days, and I'll do my best to achieve great things together," he said. Oscar, 33, after playing for Sao Paulo, went to Internacional, Chelsea and Shanghai Port, winning the 2013 UEFA Europa League, two English Premier League titles in 2015 and 2017), and the 2015 English League Cup with the Blues. He scored 12 goals in 48 matches for Brazil.Bills clinch the AFC's No. 2 seed with a 40-14 rout of the undisciplined Jets

Photo: The Canadian Press Activists participate in a demonstration for climate finance at the COP29 U.N. Climate Summit, Friday, Nov. 22, 2024, in Baku, Azerbaijan. In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change. It's a far-from-perfect arrangement, with many parties still deeply unsatisfied but some hopeful that the deal will be a step in the right direction. World Resources Institute president and CEO Ani Dasgupta called it “an important down payment toward a safer, more equitable future,” but added that the poorest and most vulnerable nations are “rightfully disappointed that wealthier countries didn’t put more money on the table when billions of people’s lives are at stake.” The summit was supposed to end on Friday evening but negotiations spiraled on through early Sunday. With countries on opposite ends of a massive chasm, tensions ran high as delegations tried to close the gap in expectations. Here's how they got there: What was the finance deal agreed at climate talks? Rich countries have agreed to pool together at least $300 billion a year by 2035. It’s not near the full amount of $1.3 trillion that developing countries were asking for, and that experts said was needed. But delegations more optimistic about the agreement said this deal is headed in the right direction, with hopes that more money flows in the future. The text included a call for all parties to work together using “all public and private sources” to get closer to the $1.3 trillion per year goal by 2035. That means also pushing for international mega-banks, funded by taxpayer dollars, to help foot the bill. And it means, hopefully, that companies and private investors will follow suit on channeling cash toward climate action. The agreement is also a critical step toward helping countries on the receiving end create more ambitious targets to limit or cut emissions of heat-trapping gases that are due early next year. It’s part of the plan to keep cutting pollution with new targets every five years, which the world agreed to at the U.N. talks in Paris in 2015. The Paris agreement set the system of regular ratcheting up climate fighting ambition as away to keep warming under 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels. The world is already at 1.3 degrees Celsius (2.3 degrees Fahrenheit) and carbon emissions keep rising. What will the money be spent on? The deal decided in Baku replaces a previous agreement from 15 years ago that charged rich nations $100 billion a year to help the developing world with climate finance. The new number has similar aims: it will go toward the developing world's long laundry list of to-dos to prepare for a warming world and keep it from getting hotter. That includes paying for the transition to clean energy and away from fossil fuels. Countries need funds to build up the infrastructure needed to deploy technologies like wind and solar power on a large scale. Communities hard-hit by extreme weather also want money to adapt and prepare for events like floods, typhoons and fires. Funds could go toward improving farming practices to make them more resilient to weather extremes, to building houses differently with storms in mind, to helping people move from the hardest-hit areas and to help leaders improve emergency plans and aid in the wake of disasters. The Philippines, for example, has been hammered by six major storms in less than a month , bringing to millions of people howling wind, massive storm surges and catastrophic damage to residences, infrastructure and farmland. “Family farmers need to be financed," said Esther Penunia of the Asian Farmers Association. She described how many have already had to deal with millions of dollars of storm damage, some of which includes trees that won't again bear fruit for months or years, or animals that die, wiping out a main source of income. “If you think of a rice farmer who depends on his or her one hectare farm, rice land, ducks, chickens, vegetables, and it was inundated, there was nothing to harvest,” she said. Why was it so hard to get a deal? Election results around the world that herald a change in climate leadership, a few key players with motive to stall the talks and a disorganized host country all led to a final crunch that left few happy with a flawed compromise. The ending of COP29 is "reflective of the harder geopolitical terrain the world finds itself in,” said Li Shuo of the Asia Society. He cited Trump's recent victory in the US — with his promises to pull the country out of the Paris Agreement — as one reason why the relationship between China and the EU will be more consequential for global climate politics moving forward. Developing nations also faced some difficulties agreeing in the final hours, with one Latin American delegation member saying that their group didn't feel properly consulted when small island states had last-minute meetings to try to break through to a deal. Negotiators from across the developing world took different tacks on the deal until they finally agreed to compromise. Meanwhile, activists ramped up the pressure: many urged negotiators to stay strong and asserted that no deal would be better than a bad deal. But ultimately the desire for a deal won out. Some also pointed to the host country as a reason for the struggle. Mohamed Adow, director of climate and energy think tank Power Shift Africa, said Friday that “this COP presidency is one of the worst in recent memory,” calling it “one of the most poorly led and chaotic COP meetings ever.” The presidency said in a statement, “Every hour of the day, we have pulled people together. Every inch of the way, we have pushed for the highest common denominator. We have faced geopolitical headwinds and made every effort to be an honest broker for all sides.” Shuo retains hope that the opportunities offered by a green economy “make inaction self-defeating” for countries around the world, regardless of their stance on the decision. But it remains to be seen whether the UN talks can deliver more ambition next year. In the meantime, “this COP process needs to recover from Baku,” Shuo said.Empowered Funds LLC raised its position in Chegg, Inc. ( NYSE:CHGG – Free Report ) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,434 shares of the technology company’s stock after purchasing an additional 18,894 shares during the quarter. Empowered Funds LLC owned 0.36% of Chegg worth $659,000 as of its most recent SEC filing. A number of other hedge funds have also recently made changes to their positions in CHGG. Gladius Capital Management LP acquired a new position in Chegg during the 2nd quarter worth about $27,000. Adero Partners LLC bought a new stake in Chegg in the second quarter valued at approximately $34,000. Vanguard Personalized Indexing Management LLC bought a new position in Chegg during the 2nd quarter worth approximately $60,000. Aspire Wealth Management Corp acquired a new position in shares of Chegg in the 3rd quarter worth approximately $69,000. Finally, Royce & Associates LP bought a new stake in shares of Chegg in the 3rd quarter valued at $91,000. 95.18% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of brokerages have recently issued reports on CHGG. Craig Hallum dropped their price objective on Chegg from $3.00 to $1.50 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Piper Sandler lowered their price objective on shares of Chegg from $2.00 to $1.50 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Needham & Company LLC restated a “hold” rating on shares of Chegg in a report on Wednesday, November 13th. Northland Securities dropped their price objective on shares of Chegg from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group decreased their target price on Chegg from $3.75 to $1.75 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.69. Chegg Trading Up 11.7 % Shares of CHGG opened at $2.01 on Friday. Chegg, Inc. has a 1-year low of $1.34 and a 1-year high of $11.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.31. The firm’s 50-day moving average price is $1.69 and its 200-day moving average price is $2.58. The firm has a market capitalization of $209.66 million, a price-to-earnings ratio of -0.25, a PEG ratio of 0.94 and a beta of 1.32. Chegg ( NYSE:CHGG – Get Free Report ) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. Chegg had a positive return on equity of 2.36% and a negative net margin of 124.05%. The business had revenue of $136.59 million for the quarter, compared to analysts’ expectations of $134.12 million. During the same period in the previous year, the firm posted ($0.07) EPS. The business’s revenue was down 13.5% on a year-over-year basis. Sell-side analysts anticipate that Chegg, Inc. will post 0.13 EPS for the current year. About Chegg ( Free Report ) Chegg, Inc operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside. See Also Five stocks we like better than Chegg What is the Euro STOXX 50 Index? Vertiv’s Cool Tech Makes Its Stock Red-Hot What Do S&P 500 Stocks Tell Investors About the Market? MarketBeat Week in Review – 11/18 – 11/22 What does consumer price index measure? 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for Chegg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chegg and related companies with MarketBeat.com's FREE daily email newsletter .Deion: Shedeur Sanders, Travis Hunter insured for bowl game

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The large mysterious drones reported flying over parts of New Jersey in recent weeks appear to avoid detection by traditional methods such as helicopter and radio, according to a state lawmaker briefed Wednesday by the Department of Homeland Security. In a post on the social media platform X, Assemblywoman Dawn Fantasia described the drones as up to 6 feet in diameter and sometimes traveling with their lights switched off. The Morris County Republican was among several state and local lawmakers who met with state police and Homeland Security officials to discuss the spate of sightings that range from the New York City area through New Jersey and westward into parts of Pennsylvania, including over Philadelphia. The devices do not appear to be The dronees wereffffflown by hobbyists, Fantasia wrote. Dozens of mysterious nighttime flights started last month and have raised growing concern among residents and officials. Part of the worry stems from the flying objects initially being spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility; and over President-elect Donald Trump’s golf course in Bedminster. Drones are legal in New Jersey for recreational and commercial use, but they are subject to local and Federal Aviation Administration regulations and flight restrictions. Operators must be FAA certified. Most, but not all, of the drones spotted in New Jersey were larger than those typically used by hobbyists. The number of sightings has increased in recent days, though officials say many of the objects seen may have been planes rather than drones. It’s also possible that a single drone has been reported more than once. Gov. Phil Murphy and law enforcement officials have stressed that the drones don’t appear to threaten public safety. The FBI has been investigating and has asked residents to share any videos, photos or other information they may have. Two Republican Jersey Shore-area congressmen, U.S. Reps. Chris Smith and Jeff Van Drew, have called on the military to shoot down the drones. Smith said a Coast Guard commanding officer briefed him on an incident over the weekend in which a dozen drones followed a motorized Coast Guard lifeboat “in close pursuit” near Barnegat Light and Island Beach State Park in Ocean County. Coast Guard Lt. Luke Pinneo told The Associated Press Wednesday “that multiple low-altitude aircraft were observed in vicinity of one of our vessels near Island Beach State Park.” The aircraft weren't perceived as an immediate threat and didn't disrupt operations, Pinneo said. The Coast Guard is assisting the FBI and state agencies in investigating. In a letter to U.S. Defense Secretary Lloyd Austin, Smith called for military help dealing with the drones, noting that Joint Base McGuire-Dix-Lakehurst has the capability "to identify and take down unauthorized unmanned aerial systems.” However, Pentagon spokeswoman Sabrina Singh told reporters Wednesday that “our initial assessment here is that these are not drones or activities coming from a foreign entity or adversary.” Many municipal lawmakers have called for more restrictions on who is entitled to fly the unmanned devices. At least one state lawmaker proposed a temporary ban on drone flights in the state. “This is something we’re taking deadly seriously. I don’t blame people for being frustrated," Murphy said earlier this week. A spokesman for the Democratic governor said he did not attend Wednesday's meeting. Republican Assemblyman Erik Peterson, whose district includes parts of the state where the drones have been reported, said he also attended Wednesday's meeting at a state police facility in West Trenton. The session lasted for about 90 minutes. Peterson said DHS officials were generous with their time, but appeared dismissive of some concerns, saying not all the sightings reported have been confirmed to involve drones. So who or what is behind the flying objects? Where are they coming from? What are they doing? “My understanding is they have no clue,” Peterson said. A message seeking comment was left with the Department of Homeland Security. Most of the drones have been spotted along coastal areas and some were recently reported flying over a large reservoir in Clinton. Sightings also have been reported in neighboring states. James Edwards, of Succasunna, New Jersey, said he has seen a few drones flying over his neighborhood since last month. “It raises concern mainly because there's so much that's unknown,” Edwards said Wednesday. “There are lots of people spouting off about various conspiracies that they believe are in play here, but that only adds fuel to the fire unnecessarily. We need to wait and see what is really happening here, not let fear of the unknown overtake us." —— AP reporters Mike Catalini in Morrisville, Pennsylvania; and Wayne Parry in Point Pleasant, New Jersey, contributed to this report.Precedent Wealth Partners LLC Sells 1,051 Shares of NVIDIA Co. (NASDAQ:NVDA)

The AP Top 25 women’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . KNOXVILLE, Tenn. (AP) — Sara Puckett had 17 points and Ruby Whitehorn scored 16 as No. 15 Tennessee walloped Winthrop 112-50 on Sunday, earning the Lady Volunteers the seventh 12-0 start to a season in program history. Puckett made 6 of 10 shots with a 3-pointer and all four of her free throws, adding eight rebounds for Tennessee, which is unbeaten through 12 games in its first season under head coach Kim Caldwell — and for just the second time in the past 19 seasons. Whitehorn made 7 of 13 from the floor and both of her foul shots. Jewel Spear hit three 3-pointers and scored 15 for the Lady Vols. Kaniya Boyd scored 15 off the bench on 5-for-5 shooting with a 3-pointer. Zee Spearman added 14 points and reserve Tess Darby scored 10. Amourie Porter made all eight of her free throws and scored 14 to lead the Eagles (6-7), who fell to 1-5 on the road. Eight different players scored as Tennessee led 35-13 after one quarter. Spear and Puckett each had nine points by halftime and Whitehorn scored eight as the Lady Vols took a 61-32 advantage into intermission. Tennessee added eight points to its lead after three quarters and outscored Winthrop 31-4 in the final period. RELATED COVERAGE Edwards leads No. 2 South Carolina to 65th straight home win 93-47 over Wofford on Sunday. Bueckers leads No. 7 UConn to convincing 67-41 win over Providence in final Big East game of 2024. No. 3 Notre Dame women rout Virginia for Olivia Miles’ 100th career win Tennessee entered play leading the nation in scoring average (97.4), 3-pointers made per game (12.6) and attempted per game (38.3) as well as offensive rebounds per contest (21.5) and turnovers forced (27.2). It was the sixth time the Lady Vols have scored at least 100 this season. Tennessee opens Southeastern Conference play on Thursday at Texas A&M. Winthrop travels to South Carolina Upstate on Thursday for a Big South Conference opener. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketball

Bills clinch the AFC's No. 2 seed with a 40-14 rout of the undisciplined Jets

Albany scores 24 4th-quarter points to overtake Hampton 41-34

According to the Chinese outlet CNMO Technology News ( Sina Finance ), Travis Axelrod, Tesla’s head of investor relations, announced plans to launch a new model while addressing senior corporate investors at an investor conference hosted by Deutsche Bank on December 5, 2024. The goal of Project Redwood, internally dubbed “Model Q” by Deutsche Bank, is to achieve a post-subsidy price of under $30,000. Not A Tesla App ( NATA ) posted on December 10, 2024 that once the federal EV rebate expires in 2025 — which it will because Elon The Magnificent wants his surrogate father to kill it — the Model Q’s starting price will be around $30,000. NATA is usually a reliable source for news about the company, but on this point we disagree. If the Model Q is rumored to start at under $30,000 after the federal tax rebate, that means it will list for $37,499 and not a penny less. For comparison, the Model 3 currently starts at $42,490 in the US before incentives. NATA previously reported that Tesla has already begun speaking to suppliers and is looking to begin volume production of the vehicle sometime around June of 2025. Testing of prototypes has yet to happen, which needs to take place before volume production begins, and no pre-production examples have been seen testing on public streets yet. The Model Q will supposedly be about 15% smaller and 30% lighter than the Model 3, with an approximate length of 3,988 mm, or 157 inches, which is the length of the standard MINI. The Model 3 is 185 inches long, so chopping almost 30 inches off of it will result in quite a compact car. Whether it will be a sedan, a hatchback, an SUV, or a trucklet is unknown. The battery will likely be smaller to match the car’s smaller size, which will also help reduce the price. Range estimates are too speculative to even talk about at this point. Tesla is expected to offer two models — a single-motor RWD model and a long-range, dual-motor AWD variant. The lower trim level will include a 53 kWh lithium-iron-phosphate (LFP) battery, while the AWD version is expected to include a 75 kWh LFP battery. The report says that the vehicle will be able to travel up to 500 km (310 miles) on a single charge, but it’s not clear whether this will be for the more efficient RWD version or the AWD variant. It is also not clear whether that estimate is based on the rather generous standard used by Chinese authorities. We expect the EPA range for the base model will be slightly less than that of the original Chevy Bolt — around 250 miles or so. There is no news yet on the price of the AWD version, but NATA expects it to cost about $5,000 more than the RWD variant. Once the vehicle ramps up in production, Tesla intends to produce about 10,000 of these cars per week globally, or about 500,000 per year. As Tesla mentioned during a previous earnings calls, this next-generation vehicle will be built using Tesla’s current assembly lines with minimal changes, which should allow for a smooth and predictable production ramp. The company’s much touted unboxed assembly process will be saved for the Cybercab, when and if it ever gets into production. One of the items that came up during the investor conference was Tesla’s Project Juniper — the Model Y refresh. Juniper has already had a few leaks, including some images and information that mention a return to the 7-seat, 3-row format — at least in China. Not A Tesla App says they are expecting Juniper to launch early next year, as production has supposedly already begun at Giga Shanghai on a limited prototyping basis. That’s what the CleanTechnica C-suite has been expecting as well. If the rollout matches the Model 3 Highland refresh, they expect to see Juniper arrive in China first and then make its way to North America and Europe by the end of 2025. The performance variants should launch in early 2026, after the standard models. Car and Driver is a little more cautious in its reaction to this news. With no reports of a new model being seen during testing, a brand new model being released in the first half of 2025 seems unlikely. “Rather than launching a new model no one has seen testing, we think it is more likely Axelrod was referring to a version of the Model 3 but with a smaller battery, which could help drive down its price,” the magazine said. Axelrod reportedly said during the Deutsche Bank presentation that the new model will increase sales by 20 to 30 percent. Though, profits are likely to dip as the company invests in the new lineup. Along with the new cheaper model, Axelrod reportedly told the Deutsche Bank crowd that an extended wheelbase Model Y with three-row seating is slated for the Chinese market. Given how spartan the Tesla Model 3 already is, it’s unclear exactly how the brand is planning to reduce costs, Car and Driver says. As Tesla’s cheapest car, the Model 3 currently starts at $42,490 in rear drive configuration. Cutting $5000 will be a tough ask, but the company could swap in smaller batteries or use less powerful motors. There is also the option of using cheaper materials in the cabin. Also, there is an outside chance that it’s this “Model Q” is the Cybercab , which notably lacks traditional interior hardware, including the wheel and pedals. However, the big roadblock with that theory is that current regulations don’t allow for production cars without wheels and pedals to operate on public roads. Maybe Elon is planning to fix that before next July. Previous reports on the new Tesla speculated that the car, nicknamed Redwood, would be considerably smaller than the Model 3, which favors the Cybercab possibility. Plus, despite the low price point, Tesla suggested the new model would launch with fully autonomous driving and go on sale in mid-2025. Is that referring to actually going on sale or opening up pre-orders? Either way, Car and Driver says to take Axelrod’s timeline with a grain of salt given Tesla’s history with time frames. Not A Tesla App is more of a champion for Tesla. Car and Driver is more in the “once bitten, twice shy” camp. People get all huffy when we say anything that is not a glowing endorsement of the company or its CEO, but past history tends to support a more cautious approach to news about the company. One of the reasons is because Tesla refuses to engage with the press. In the absence of actual information, rumors and speculation abound. We would be delighted if Tesla introduced a less expensive model, but given the mercurial nature of its leader , we think some skepticism is warranted. Will there be a baby Tesla six months from now? “We’ll see,” said the Zen master. CleanTechnica's Comment Policy LinkedIn WhatsApp Facebook Bluesky Email Reddit