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High percentage of California Tesla Model 3 registrations not bad

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Tesla Model 3Tesla’s Model 3.Hollis Johnson/Business Insider

  • Nearly half of the US’ Tesla Model 3 registrations during the first 10 months of 2018 came from California, Bloomberg reported on Wednesday, citing data from IHS Markit.
  • The high percentage of Model 3 registrations from California does not hold any negative implications for Tesla in the short or long term, said Gene Munster, a managing partner at Loup Ventures.
  • The disparity between California and other states results from the factors that make California residents more receptive to electric vehicles, like their tech-savviness and concern for the environment, rather than any weaknesses on Tesla‘s part, Munster said.
  • There are other, more tangible factors that make California a strong market for electric vehicles, like a robust charging infrastructure and generous incentives for electric vehicle buyers, said Michael Ramsey, an automotive analyst at Gartner.

Nearly half of the US’ Tesla Model 3 registrations during the first 10 months of 2018 came from California, Bloomberg reported on Wednesday, citing data from IHS Markit. (Full data was only available through October, Bloomberg said.)

Read more: Tesla is ending its popular referral program that rewarded owners with a load of free perks because it’s getting too expensive

At 49.3%, California’s share of US Model 3 registrations between January and October 2018 is nearly 10 times that of Florida, which at 5.1%, had the second-highest share of Model 3 registrations. At first glance, those statistics could indicate that the Model 3 is not a car for the masses, as Tesla CEO Elon Musk has billed it, but a vehicle with limited, regional appeal.

But the high percentage of Model 3 registrations from California does not hold any negative implications for Tesla in the short or long term, said Gene Munster, a managing partner at Loup Ventures.

“I don’t think it has any impact on Tesla’s ability to hit their numbers in the next year,” he said.

The disparity between California and other states results from the factors that make California residents more receptive to electric vehicles, like their tech-savviness and concern for the environment, rather than any weaknesses on Tesla’s part, Munster said. Those factors create a positive cycle for electric vehicle sales, as a higher number of electric vehicles on the road leads to greater awareness by California residents, which then leads to more electric vehicle sales.

There are other, more tangible factors that make California a strong market for electric vehicles, like a robust charging infrastructure and generous incentives for electric vehicle buyers, Michael Ramsey, an automotive analyst at Gartner, said in an email.

California has over 19,000 publicly available electric-vehicle charging stations, according to the Alternative Fuels Data Center. No other state has even 5,000 publicly available stations. California also offers either a $2,500 or $4,500 rebate for electric vehicle purchases, depending on the customer’s income.

While Ramsey said he expects the percentage of Tesla sales coming from California to decrease, he said he wouldn’t be surprised if the state still accounted for over a quarter of Tesla’s sales in the long term.

Have a Tesla news tip? Contact this reporter at mmatousek@businessinsider.com.

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More groups join in support of women in STEM program at Carleton

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OTTAWA — Major companies and government partners are lending their support to Carleton University’s newly established Women in Engineering and Information Technology Program.

The list of supporters includes Mississauga-based construction company EllisDon.

The latest to announce their support for the program also include BlackBerry QNX, CIRA (Canadian Internet Registration Authority), Ericsson, Nokia, Solace, Trend Micro, the Canadian Nuclear Safety Commission, CGI, Gastops, Leonardo DRS, Lockheed Martin Canada, Amdocs and Ross.

The program is officially set to launch this September.

It is being led by Carleton’s Faculty of Engineering and Design with the goal of establishing meaningful partnerships in support of women in STEM.  

The program will host events for women students to build relationships with industry and government partners, create mentorship opportunities, as well as establish a special fund to support allies at Carleton in meeting equity, diversity and inclusion goals.

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VR tech to revolutionize commercial driver training

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Serious Labs seems to have found a way from tragedy to triumph? The Edmonton-based firm designs and manufactures virtual reality simulators to standardize training programs for operators of heavy equipment such as aerial lifts, cranes, forklifts, and commercial trucks. These simulators enable operators to acquire and practice operational skills for the job safety and efficiency in a risk-free virtual environment so they can work more safely and efficiently.

The 2018 Humboldt bus catastrophe sent shock waves across the industry. The tragedy highlighted the need for standardized commercial driver training and testing. It also contributed to the acceleration of the federal government implementing a Mandatory Entry-Level Training (MELT) program for Class 1 & 2 drivers currently being adopted across Canada. MELT is a much more rigorous standard that promotes safety and in-depth practice for new drivers.

Enter Serious Labs. By proposing to harness the power of virtual reality (VR), Serious Labs has earned considerable funding to develop a VR commercial truck driving simulator.

The Government of Alberta has awarded $1 million, and Emissions Reduction Alberta (ERA) is contributing an additional $2 million for the simulator development. Commercial deployment is estimated to begin in 2024, with the simulator to be made available across Canada and the United States, and with the Alberta Motor Transport Association (AMTA) helping to provide simulator tests to certify that driver trainees have attained the appropriate standard. West Tech Report recently took the opportunity to chat with Serious Labs CEO, Jim Colvin, about the environmental and labour benefits of VR Driver Training, as well as the unique way that Colvin went from angel investor to CEO of the company.

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Next-Gen Tech Company Pops on New Cover Detection Test

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While the world comes out of the initial stages of the pandemic, COVID-19 will be continue to be a threat for some time to come. Companies, such as Zen Graphene, are working on ways to detect the virus and its variants and are on the forefronts of technology.

Nanotechnology firm ZEN Graphene Solutions Ltd. (TSX-Venture:ZEN) (OTCPK:ZENYF), is working to develop technology to help detect the COVID-19 virus and its variants. The firm signed an exclusive agreement with McMaster University to be the global commercializing partner for a newly developed aptamer-based, SARS-CoV-2 rapid detection technology.

This patent-pending technology uses clinical samples from patients and was funded by the Canadian Institutes of Health Research. The test is considered extremely accurate, scalable, saliva-based, affordable, and provides results in under 10 minutes.

Shares were trading up over 5% to $3.07 in early afternoon trade.

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