By Paul Lienert DETROIT (Reuters) - Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours -- a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000, including the price of options and additional features, which would give the initial flurry of orders an estimated retail value of $10.6 billion. That intense interest, fanned in part by a steady stream of tweets by Musk, could help boost Tesla's stock price, which closed Friday at $237.59, up 3.4 percent. The stock has soared more than 60 percent since hitting a 12-month low in February. The car's average selling price projected by Musk is well above the $35,000 base price. Analysts earlier had estimated the first Model 3s off the factory line in Fremont, California, could be loaded with extra equipment and sell for $50,000 to$60,000. Tesla has undertaken a costly expansion of the Fremont plant, aiming to boost annual capacity to 500,000 by 2020, with production of the Model 3, the company's first mass-market car, ramping up slowly through 2019. Some analysts said the company could have trouble filling all the initial Model 3 orders, which are accompanied by a refundable $1,000 deposit, until 2020. Barclays analyst Brian Johnson on Friday said the heavy influx of Model 3 orders "sets the stage for an equity offering" later this year by Tesla, much of which would go toward factory construction and product development. Johnson had estimated Tesla could take 250,000-300,000 orders for the car by the end of June. Musk unveiled a prototype of the Model 3, a smaller companion to the Model S sedan and Model X utility vehicle, amid considerable fanfare on Thursday night. Some prospective buyers who placed early orders may have anticipated paying a lower price for the Model 3 after factoring in a $7,500 federal tax credit on electric cars. But that credit begins to phase out once manufacturers sell more than 200,000 EVs - a mark that Tesla, at its current sales pace, is likely to surpass next year before the first Model 3 is delivered. (Reporting by Paul Lienert in Detroit; Editing by Alan Crosby)
- Fort Worth Star-Telegram
Social media is questioning what former Dallas Cowboys quarterback Tony Romo said during Sunday’s game.
- Associated Press
Cindy Williams, who was among the most recognizable stars in America in the 1970s and 80s for her role as Shirley opposite Penny Marshall's Laverne on the beloved sitcom "Laverne & Shirley," has died, her family said Monday. Williams died in Los Angeles at age 75 on Wednesday after a brief illness, her children, Zak and Emily Hudson, said in a statement released through family spokeswoman Liza Cranis. "The passing of our kind, hilarious mother, Cindy Williams, has brought us insurmountable sadness that could never truly be expressed," the statement said.
- Business Insider
Ben Crump says the only known white Memphis police officer relieved of duty in Tyre Nichols' death pulled him from car and hit him with a Taser — yet had his identity protected
Memphis police put Preston Hemphill, the only known white cop involved in Tyre Nichols' death, on leave. Five Black officers were charged.
- Patriot Ledger
The 8-month-old boy who was seriously injured inside his Duxbury home Tuesday night has died of his injuries at a Boston hospital.
- The Des Moines Register
Brock Purdy's late-season magic ended Sunday with an elbow injury. Here's what the NFL media are saying about Purdy and his future with the 49ers.
- NBC Sports BayArea
George Kittle offered a brutally honest assessment of the 49ers' NFC Championship Game loss to the Eagles.
- Yahoo Sports
Purdy injured his elbow in Sunday's NFC championship game.
- ProFootball Talk on NBC Sports
Multiple teammates consoled Bengals linebacker Joseph Ossai after he drew a late hit penalty that put the Chiefs in position for a field goal that delivered a Super Bowl berth for Kansas City. One teammate in particular was not pleased. Linebacker Germaine Pratt was yelling on the way to the locker room about the foul. [more]
Rita Ora paired star-shaped pasties and a thong with a nude latex dress to perform her new single—check out the pics here!
- San Luis Obispo Tribune
The transfer from University of Washington is reuniting with his former high school coach.
Matt Lauer and Shamin Abas Are 'Serious About Each Other' as Couple Steps Out for Rare Date Night: Source
"They try and stay out of the spotlight but are happy together and not interested in a high-profile life," a source tells PEOPLE of former Today anchor Matt Lauer and girlfriend Shamin Abas
(Bloomberg) -- Former President Donald Trump is suing journalist Bob Woodward for releasing recordings of interviews that he gave to the journalist in 2019 and 2020, claiming he never agreed to those tapes being shared with the public.Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpAdani Rout Hits $68 Billion as Fight With Hindenburg IntensifiesAdani Tries to Calm Investors With 413-Page Hindenburg RebuttalHistoric Crash for Memory Chips Threatens to Wipe
- Women's Health
Christina Aguilera just dropped a topless photo on Instagram and she's super sculpted from her abs to her legs. Christina enjoys yoga for her mental health.
Gracie Hunt, the former Miss Kansas USA, is a member of the Hunt dynasty, one of the richest families in America.
The former aide's comments come after a recent report suggested that Greene is ambitious about being Trump's choice for vice president.
Gordon Ramsay swears by this easy 10-minute pasta dish, which he said has become a "regular midweek family meal" in his house.
- NBC Sports BayArea
One NFL executive made two wild predictions for how the 49ers will address the quarterback position in 2023.
- NBC Sports BayArea
Quarterback Brock Purdy was injured, but his thoughts were with his 49ers teammates following their loss to the Eagles in the NFC Championship Game.
- Marie Claire US
It makes sense why Her late Majesty wanted to keep this close to the vest.
- Idaho Statesman
A jury has awarded an Oregon woman $1 million in damages after finding she was discriminated against by a gas station employee who told her, “I don’t serve Black people.”.