The Tesla Model 3 Will Officially Cost $35,000 Before Incentives

first_img Behold the World’s Most Adventure-Ready Electric Motorcycle The Maserati Quattroporte: Luxury You Can Sort of Almost Imagine Affording Editors’ Recommendations Lotus Unleashes an Absurd, 2,000-Horsepower All-Electric Hypercar Rumored a year ago, echoed at The Automotive World Congress, and now, finally, from the electric vehicle automaker itself, Tesla has announced that its entry-level Model 3 will retail for $35,000.On to some math:A $7,500 federal tax credit will be layered on top of the sticker price (for all buyers who at least meet a $7,500 tax liability) before state subsidies like a $2,500 credit from California, Tennessee, and Massachusetts, or a smile-inducing $6,000 from Colorado are factored in. Some states, like Georgia, refuse to offer any additional incentives, but it won’t surprise anyone that Georgian residents don’t put in many EV orders.That means Colorado residents who can collect all available credits will be able to own a Model 3 for just $21,500. For those who can only cash in on the federal government’s incentives, the Model 3 will cost $27,500.Compared to other EVs on the market, the Model 3 will be priced smack-dab in the middle of the range. Here are the following pure-EV prices, after incentives: Volkswagen’s Golf EV: $21,495, Nissan’s Leaf: $21,510, Ford’s Focus Electric: $21,670, Fiat’s 500e: $24,800, Kia’s Soul EV: $26,200, Ford’s Fusion Energi: $29,893, and BMW’s i3: $34,900.For greater perspective, the average transaction price for a new car in the U.S. is $33,800.Best of all for Tesla fans is that the Model 3 will boast a range of 200 miles or more on a single charge and Tesla’s Supercharger network is now in full swing, so rapid charging on the go won’t be nearly as much of a chore as it was when the Model S first came out.Beyond its price, information about the Model 3 is limited, but we do know it will be about 20 percent smaller than the Model S and should be styled similar to its sibling. The new vehicle’s unveiling should take place in a few weeks time. Wasp Turns Your Boring Drone Into a Flamethrowing Assault Copter The Bulletproof, Million-Dollar Ramsmobile SUV Has an Optional Hookahlast_img read more

Osisko Gold to expand diversify through 1125 billion asset deal with Orion

by The Canadian Press Posted Jun 5, 2017 5:21 am MDT Last Updated Jun 5, 2017 at 6:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email MONTREAL – Osisko Gold Royalties Ltd (TSX:OR) will pay $1.125 billion in cash and stock to acquire a portfolio of royalty and production streams from Orion Mine Finance Group, the companies announced Monday.The purchase price consists of $675 million cash and $450 million in Osisko Gold Royalties common shares.Among assets that Osisko Gold Royalties will acquire is the Renard diamond stream, which entitles Osisko to 9.6 per cent of production from a new Quebec mine at a fixed price of US$50 per carat.To pay for some of the cash portion of the deal, Osisko will sell shares worth a total of $275 million in a private placement to two Quebec provincial funds, the Caisse de depot and the Fonds de solidarite.The rest of the cash will come from Osisko’s existing bank credit and its cash on hand.Osisko says it will end up with a total of 131 royalties and revenue streams, including its original royalty on the Malartic gold mine in Quebec, once the deal is complete.Besides the cash, Orion will receive about 30.9 million Osisko common shares valued at $14.56 each, a premium to Friday’s closing price of $14.40.The Caisse will also pay $14.56 per Osisko share to a total of $200 million. The Solidarity fund will buy $75 million worth of stock at the same price. Osisko Gold to expand, diversify through $1.125 billion asset deal with Orion read more