A Tesla Model 3 drives on a wet road. We see the car from a rear quarter angle, facing to our left and driving away from us. It is medium blue and kicking up water from its tires.Tesla CEO Elon Musk this week said the company plans to develop a new, next-generation electric vehicle that “will probably be about half the cost of the 3 and Y platform.” The news came as something of a surprise and requires some explanation.

What he said, what he didn’t say, and who he said it to make the news potentially confusing.

Cost Isn’t Price

First things first: This doesn’t mean there’s a $30,000 Tesla coming anytime soon. It doesn’t rule one out, but it’s unlikely for several reasons.

Musk said the cost of the platform would be lower. That doesn’t mean the price of the car will be that low. The news is being read by car shoppers, who are concerned with the sticker prices of new cars. But Musk was speaking to investors, who are concerned with the cash flow of the company that builds them.

He was almost

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BMW has detailed pricing and specs for its new entry electric vehicle, based on the next-generation X1 small SUV.

The BMW iX1 xDrive30 will cost $82,900 before on-road costs when it hits Australia in the first quarter of 2023 – in either xLine and M Sport trim levels.

It will line up against competitors including the Tesla Model Y ($72,300 to $96,700), Mercedes-Benz EQA ($78,500 to $96,900), and Volvo XC40 Recharge ($72,990 to $79,490).

Stylistically the iX1 stands apart from the regular X1 petrol range with its distinctive take on the now-unnecessary kidney grille, and bright blue highlights on the bumpers and side skirts.


Petrol X1 range

  • BMW X1 sDrive18i: $53,900
  • BMW X1 xDrive20i: $65,900

Electric iX1 range

  • BMW iX1 xLine: $82,900
  • BMW iX1 M Sport: $82,900

All prices exclude on-road costs.


The iX1 xDrive30 has dual-motor electric all-wheel drive, with combined maximum power and torque outputs

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More news from the 2022 Petronas Grand Prix of Malaysia at Sepang International Circuit (SIC). One of Hammy the Dirty Badger’s friends whispered in his ear that Malaysian racer Syarifuddin Azman, better known as Damok, will be making the move to Moto3 for the 2023 MotoGP.

The news is as yet unconfirmed, with Damok currently racing for Team Monlau Motul in the 2022 FIM JuniorGP championship, where he stands fourth in the riders’ standings. Damok will be racing at the Malaysia MotoGP this weekend as a wildcard entry in Moto3, with VisionTrack Racing Team.

There were also Moto3 wildcard rides for Damok in Jerez and Catalunya, Spain, and in Portimao, Portugal. It is not known whether Damok will join VisionTrack or move to another Moto3 team. In 2022, Damok’s dream of competing in the Moto3 class were dashed due to being unable to find a sponsor.

Great Wall Motor will launch more than 50 electrified and electric vehicles by 2025 as it plans to become a leading global player in so-called ‘new energy vehicles’.

It says a number of these vehicles are already in advanced stages of design and development or already on sale in China.

In addition to an expansion of its new energy vehicle line-up – a term referring to hybrids, plug-in hybrids and battery-electric vehicles – it also plans to open its first zero-carbon emission factory in 2023 and is testing its first hydrogen fuel-cell electric vehicles.

As part of its 2035 development plan announced earlier this year, the Chinese Government aims to have 50,000 FCEVs on its roads by 2025 and is providing subsidies to manufacturers developing FCEV technology, therefore encouraging GWM to throw its hat in the ring.

The company said

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Stellar fuel economy and impressive safety features are some of the Mitsubishi Mirage’s strongest suits, making it one of the most reliable subcompact cars on the road. It has a fuel economy of 33-36 mpg for highways and 40-43 mpg for city drives with its CVT and manual transmissions. The Mirage also has a depreciation rate of 27% after five years with an estimated resale value of $6,632, according to CarEdge.com.

Is the Mitsubishi Mirage a Reliable Car?

RepairPal gives the Mirage a 4.5 out of 5.0 reliability rating, ranking it 7th out of 21 subcompact cars. The model also has excellent ownership costs. The annual repair and maintenance cost for the Mirage is approximately $457, which is lower compared to the average $652 for all vehicle models.

The frequency of unscheduled repairs for this model is below average, with owners needing to bring in

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