A Quartz article describes the recent announcement of the Model 3, and the subsequent response by the market, as a "slow-motion disruption of the global auto industry."
"On March 31, his Tesla Motors unveiled its long-promised Model 3, a $35,000 electric car that will go 215 miles per charge," reports an article by Steve Levine. Most importantly, however, is how the market has responded, with levels of demand for a new car, unprecedented "in more than a century of automotive history." According to Levine, "The market response suggests to some the potential as a category killer, not just in electric vehicles, but mainstream cars in general."
In the week since the Model 3 was unveiled, "more than 325,000 Model 3s have been pre-ordered by people putting down $1,000 per reservation," reports Levine.
The question posed by the article, is if Tesla is about to perform a similar feat to what Apple did to Nokia when it announced the iPhone—overthrow a company completely dominating an industry with high barriers to entry, thus "[reconfiguring] the commercial landscape and [transforming] society."
The article concludes by considering the various factors that will determine whether Tesla succeeds or fails in this monumental effort.
FULL STORY: We are now witnessing Elon Musk’s slow-motion disruption of the global auto industry

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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