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As Tesla creates more affordable models, it changes the market for luxury cars. Lower prices mean a larger customer pool, which will increase the quantity supplied of certain lower-price Tesla models. Consequently, the quantity supplied from other luxury car brands, such as Mercedes Benz and Land Rover, will decrease as Tesla increases competition in the luxury car market.

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(Reuters) - Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease.

According to the website, the rear-wheel-drive model has a "mid range" battery, a range of 260 miles, 50 miles less than the long-range battery that the more expensive Model 3 is equipped with.

The new version has a delivery period of six to 10 weeks, according to the website, which would customers eligible for the current $7,500 U.S. tax credit if they take delivery by the end of the year. The tax credit for Tesla cars will drop by half on Jan. 1.

Although Tesla has promised a base-level version of the Model 3 priced at $35,000, so far it has only produced higher-cost versions starting at about $49,000. Tesla has said that it would not manufacture the base-level version of the Model 3 this year.

Adding the mid-priced version of the Model 3 appears to be a strategic way to lure possible buyers who had been waiting for the lower-priced version. It is not clear how many of the more than 400,000 reservations for the Model 3 are for the base models.

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(Reuters) - Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease. According to the website, the rear-wheel-drive model has a "mid range" battery, a range of 260 miles, 50 miles less than the long-range battery that the more expensive Model 3 is equipped with.

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This article discusses the possibility of a future recession, which would have a major effect on the economy. Producers will start supplying less luxury goods and more normal goods as people will be less likely to spend more money than absolutely necessary.

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Economists Think the Next U.S. Recession Could Begin in 2020

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The economic expansion that began in mid-2009 and already ranks as the second-longest in American history most likely will end in 2020 as the Fed raises interest rates to cool off an overheating economy, according to forecasters surveyed by The Wall Street Journal.

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With the bankruptcy of Sears, competitors will now have a larger customer pool as people who once shopped at Sears will now need to find new stores. This will require an increase in the supply carried by other stores.

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This is the web version of the WSJ's newsletter on the economy. You can sign up for daily delivery here. Good morning. Today we look at strong consumer spending despite another retail bankruptcy, a fizzling housing market, U.S. tariffs and Chinese tensions, setbacks for Theresa May and , and the unraveling of Saudi Arabia's plans to become [...]

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Real Time Economics: Sears Declares Bankruptcy But U.S. Retail Sales Look Strong

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This is the web version of the WSJ's newsletter on the economy. You can sign up for daily delivery here. Good morning. Today we look at strong consumer spending despite another retail bankruptcy, a fizzling housing market, U.S. tariffs and Chinese tensions, setbacks for Theresa May and , and the unraveling of Saudi Arabia's plans to become [...]

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In this article, the writer explains how the European Union is removing the import tax on goods from the island of Palau. Without this tax, producers from Palau will be able to export more goods to the EU and consumers will be able to purchase a larger quantity of goods, increasing the overall supply quantity.

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LUXEMBOURG (Reuters) - European Union finance ministers agreed on Tuesday to remove the Pacific island of Palau from an EU list of tax havens.

The island had been included on the blacklist in March as its tax rules and practices were deemed not in line with EU standards.

After it committed to changes, EU ministers agreed to move it from the blacklist to a so-called grey list of jurisdictions with low tax transparency standards but aiming to become less opaque, an EU document shows.

Six other jurisdictions remain on the blacklist. They are Namibia, Samoa, Trinidad and Tobago and the three U.S. territories of American Samoa, Guam and the U.S. Virgin Islands.

The EU blacklist was set up last December after revelations of widespread tax avoidance schemes used by corporations and wealthy individuals to lower their tax bills. It originally included 17 jurisdictions.

Fair tax groups and EU lawmakers have criticized the rapid shrinking of the list and the fact that renowned tax avoidance countries are not listed.

Blacklisted jurisdictions could face reputational damage and stricter controls on their financial transactions with the EU, although no sanctions have been agreed by member states yet.

Those who are on the grey list could be moved to the blacklist if they do not honor their commitments.

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EU removes Palau from tax havens blacklist

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LUXEMBOURG (Reuters) - European Union finance ministers agreed on Tuesday to remove the Pacific island of Palau from an EU list of tax havens. The island had been included on the blacklist in March as its tax rules and practices were deemed not in line with EU standards.

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This article discusses how the UK government plans to cut hybrid car subsidies. With lower subsidies, companies will be less inclined to produce hybrid cars, lowering the supply.

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With the cost of building a house rising (including all of the materials, labor, land, etc.), it will be difficult for the government to keep building low-income housing. This will cause the supply of low-income housing units in California to drop.

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A single unit of housing for a low-income family can cost nearly $750,000 to build in California, according to a government report that provides new details on the cost to taxpayers of building affordable housing in states with high land prices and heavy land-use regulations. A new report from the Government Accountability Office highlights stark [...]

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It Can Cost $750,000 to Build an Affordable Housing Unit in California. Here's Why.

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A single unit of housing for a low-income family can cost nearly $750,000 to build in California, according to a government report that provides new details on the cost to taxpayers of building affordable housing in states with high land prices and heavy land-use regulations.

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This article describes the increasing funds that are going into company infrastructure. This technology/infrastructure, which will improve productivity, will lead to a greater supply of consumer goods and lower prices, which will also increase demand.

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global infrastructure partners and brookfield infrastructure partners

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Investment in Infrastructure Is Booming Despite Lack of Progress on Trump's Pledges

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Private-equity firms are on track to raise a record amount for infrastructure investing in 2018, as money managers bet on the growing need to upgrade and expand the world's railroads, natural-gas pipelines and data centers.

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With elections coming up, politicians are making decisions in the hopes of gaining voters.

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U.S. Tariffs on China Aren't a Short-Term Strategy

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The White House is using tariffs differently with China than with other nations-and the levies between the world's two largest economies likely will be cemented in place for years.

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Companies such as Amazon and Walmart have the ability to sell goods at low prices due to the quantity of their customer pool. Since many smaller businesses can't replicate those prices, the demand for their goods goes down.

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Large corporations like demand low prices from suppliers. That holds down consumer costs, but may also crimp worker pay. Average hourly wage growth has ticked up in recent months, but still remains well below levels seen before the recession and in earlier decades. Some of that decline results from the growing market power of large [...]

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Big Businesses Push Down Prices, and Perhaps Wages

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Large corporations like demand low prices from suppliers. That holds down consumer costs, but may also crimp worker pay. Average hourly wage growth has ticked up in recent months, but still remains well below levels seen before the recession and in earlier decades. Some of that decline results from the growing market power of large [...]

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With a high demand and low supply of blue-collar workers, low-income salaries are starting to rise. This population of people who one couldn't afford many consumer goods will now have the means to do so.

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Low-Income Workers See Long-Awaited Wage Gains

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The benefits of a strong job market are spreading in the form of higher wages for many of those left behind for much of the past decade's economic expansion, including younger, lower-income, and less-educated workers.

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As the baby-boomer generation begins to reach the age of retirement, many do not have enough money saved to continue their accustomed quality of life. Since many members of this generation are unable to afford expensive retirement plans, the demand for such goods/services will decrease.

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A Retirement Wealth Gap Adds a New Indignity to Old Age

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Many middle-class Americans are financially unprepared for retirement-and that is leading to an array of social tensions with neighbors on more solid footing, especially in planned communities. At one over-55 village, the debate has centered around pickleball and its costs.

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In this article, the writer discusses the predicted increase in federal interest rates. The federal government is expecting an increase in inflation, as a response to the low unemployment rates, and are reacting by increasing interest rates.

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Economists See Fed Raising Rates in June, Then September

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The Federal Reserve is almost certain to raise short-term interest rates at its June policy meeting and will likely follow up with another increase in September, according to economists surveyed by The Wall Street Journal.