Amid constant criticisms for failing to meet production deadlines, Tesla recently confirmed that it has produced its 300,000th vehicle. The bulk of this figure is comprised by its luxury Model S and Model X although with Model 3 production finally kicking into high gear, the company could soon take the lead among electric vehicle manufacturer in terms of total vehicles produced.

So far, the company has also delivered over 286,000 cars to its customers. The breakdown of this figure is as follows: 212,821 Model S vehicles, 71,927 Model X vehicles, and 1,770 Model 3 vehicles.

Data from Bloomberg reveals that as of Feb. 14, the company has completed 7,438 Model 3s. The vehicles are rolling off from the company’s factory in Fremont, California which whose assembly line is currently pumping out the mass market sedans at a rate of 1,025 per week.

While the production ramp-up of the Model 3 has been slower than anticipated, it is already contributing significantly to total production and deliveries. Should Tesla meet its vehicle projections, the company’s fleet should quickly become the largest all-electric vehicle fleet in the world.

That being said, other companies are already well on their way to reducing the company’s lead to zero. For example, Nissan delivered its 300,000th Leaf electric car last month. However, it should be noted that the vehicle already went on sale as early as…

Magic Leap revealed the expected prices for its upcoming augmented reality (AR) headsets, confirming that they would be far from cheap.

Talking to the audience at Recode’s Code Media conference, Magic Leap CEO Rony Abovitz revealed that it plans to release a number of AR headsets over time. Its cheapest, he said, would be the same price as “higher-end mobile phone to higher-end tablet.”

He added that the company’s first release, Magic Leap One, which is slated to be released this year, will fall on the middle of the company’s overall price range. “We will have a product line in that price point probably for the company’s history,” shared Abovitz, adding that future releases will come above and below its price point. “We’ll have even higher-end [versions] for hyper-pro, and then we’ll have wide mass-market products.”

Basing on his comparison, a low-range Magic Leap could be priced around the same as a new iPhone, which is at $1,000, a comparison that he did not object. Earlier reports predicted that Magic Leap One would be released at $1,500 to $2,000.

Abovitz added that Magic Leap’s pricing would be justified over time, noting all the gadgets it could possibly replace when virtualized. “Your phones, your televisions, your laptops, your tablets, that add up to thousands or tens of thousands of dollars,” he said.

Asked about Magic Leap’s target market, the CEO said it is meant to reach out to a wide variety of people who are “enthusiasts developers, creators, brands, artists, partner” or basically, those who have a good idea of what future looks like.

Magic…