The price of owning a Model 3


July 17, 2019

Today, lion bones and Tesla groans, but first…
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Join us at Hustle Con: December 2-3, 2019

It’s baaack. Hustle Con tickets are now on sale — at their lowest price of the year until Friday. Reserve your spot here.

And yes, you read that right: Hustle Con is now a 2-day event.

After 4 years hosting Hustle Con — The Hustle’s premier founder’s conference — we’ve received a lot of feedback. Attendees love learning from our talented speakers, meeting other readers, networking with founders, rubbing elbows with brands and sipping cold un’s in the Paramount theater, but nearly everyone has asked for the same thing: They wanted more.

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For the first time, we’ll be offering smaller, intensive workshops (split into 3 distinct tracks) on day 2 — each session taught by some of the same founders you’ll see on stage.

Confirmed speakers include:

  • Michael Acton Smith – Co-Founder/CEO, Calm
  • Amy Errett – Founder/CEO, Madison Reed
  • Mark Gainey – Founder, Strava
  • Kat Schneider – Founder/CEO, Ritual
  • Gunnar Lovelace – Founder/CEO, Good Money and Founder, Thrive Market
  • Toby Sun – Founder, Lime
  • Hilary Coles – Co-Founder, Hims
  • Eric Ryan – Founder, Olly and Method

We’ll keep you updated as more speakers are added. You can get a full rundown on the 2-day schedule, speakers, and event details at hustlecon.com

And because you’re a loyal reader of we’re offering a Super Discounted™ Ticket (saving you 150 bones).

This is the lowest priced ticket we’re offering this year. The sale ends midnight (PT) Friday.

Tickets are limited, so if you plan on going take advantage. And if all that wasn’t enough… the writers of this fine, fine email will be there shaking hands and kissing babies. How fun.

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Tesla is back on track to start Model 3 production this year… but at what cost?

In January 2019, Elon Musk tweeted that the goal was to finish exterior construction of the Model 3 this summer, start Model 3 production at the end of the year, and reach peak production by 2020.

As promised, the outside is now complete and Tesla announced it will begin hiring at its new Shanghai gigafactory — which means, so far, Musk and the gang are right on schedule.

But, recent allegations from current and former Tesla employees working in the company’s open-air GA4 “tent” factory in Fremont, California, paint a picture of fast fixes, maniacal working conditions, and multiple routine QC oversights to cut prices and hit aggressive Model 3 production goals.

Under the tent

Over the last few years, Tesla has worked tirelessly to get out of “production hell.” But after posting two straight profitable quarters to end 2018, the company has struggled to meet the market’s expectations.

Now, 4 assembly technicians from GA4 say, their supervisors ordered the use of electrical tape to patch cracks on plastic brackets and housings — the techs provided photographs — and skipped numerous pivotal vehicle tests.

This isn’t the first time

A year ago, Martin Tripp alleged that Tesla manufactured batteries with punctured holes and systemically used waste material in vehicles to meet its lofty production goals.

Tesla sued Tripp for $1m and tried to discredit the former technician, saying the allegations were false, and insisted that he wasn’t a whistleblower, but a criminal.

Regarding the most recent report, a Tesla spokesperson pulled a page from the Tripp playbook, claiming the employees’ damning anecdotes are “misleading.”

Meanwhile, Tesla’s vehicles are becoming more affordable

As the allegations loom, Tesla continues to cut prices across the board, making most versions of the Model S, Model X, and Model 3 cheaper.

This means some of the most technologically advanced and sustainable vehicles in the world are getting closer to mass consumption. 

But is Tesla working to save the world from itself, or putting quantity above quality to make a quick buck?

   @ Me Anything
Wes Schlagenhauf, News Writer at The Hustle
@wesschlagenhauf

As technology advances, it’s easier than ever to rush products to the market before they’re fully scaled. But at what point should it get disturbing to consumers?
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Lion skeletons are haunting US trade officials

Looking to sell a tiger-skin rug? Good luck dodging international authorities. 

But if you’re in the market for a lion skeleton, you’re in luck: The sale of lion bones is completely legal under international law.

And the market for lion bones is alive and well

All big cats are protected by international trade treaty — except for lions.

So as long as lions are bred in captivity, their bones are open for business — and, according to The New York Times, they’ve spawned a lucrative industry

The price of lion skeletons has risen 20% since 2012. On average, female skeletons today sell for $3.1k and male skeletons sell for $3.7k

But HOW did bones become such big business?

Ironically, the bone boom started when the US Fish and Wildlife Service banned the importation of lion pelts as trophies in 2016. 

The ban led to lost business for lion breeders, so they shifted away from skins and toward skeletons. Skeleton exports increased 125% the year after the ban.

But as the sale of skeletons increased, so did the prevalence of poaching: At some parks, poachers caused lion populations to plummet by 68%.

» You gotta bone to pick?
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Losing The Office could be a bigger deal than expected for Netflix

At this point, you’re all aware of Michael Scott’s projected effect on Netflix’s subscription revenue once the show leaves the platform in 2021.

But a new survey from InMyArea Research proves the drama could be warranted — estimating that 10% of US Netflix users will cancel their subscription when The Office goes.

It’s a telling indicator of what could happen next at the long-standing crown jewel of strea-media.

Show me the data

InMyArea conducted a survey of more than 1.2k US residents to see if they had a Netflix subscription. 

Based on the 500 that answered “yes,” the survey found that 31% of Netflix subscribers watch The Office — by far Netflix’s most popular show.

That means roughly 18.6m of Netflix’s 60m US subscribers are up to speed on Jim and Pam, Bears, Beets, BSG, and, of course, the supremely underrated arch that Will Ferrell had at the end of season 7.

The big finding

The study found that 6m of those “office heads” plan to cancel Netflix when NBCUniversal takes back the lost Scranton tapes. 

Based on Netflix’s $12.99 per month plan, the loss equates to $935m in annual revenue. That’s a tall figure for a company that already has $8B in debt. And that’s not the last of the Netflix favorites heading back to NBC. 

Whether the peacock can overthrow the Marvel-infested mouse is another story. 

» The war wages on
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