Weekly Tech Highlights: Tesla's Model 3 Still On For 2017, 'Inside Out' Vs. 'Jurassic World' And More

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After weeks of events (including E3 and WWDC), things slowed down as the tech industry prepared for the coming holiday. There were a few notable stories, however -- including the confirmation that an important electric vehicle would arrive on time.

Tesla's Mainstream Vehicle Not Delayed After All

There were some concerns that
Tesla Motors Inc'sTSLA
long-awaited Model 3 would not arrive on time after
Inside EVs
reported that the vehicle was slated for production in 2018. A Tesla spokesperson
told Benzinga
that the Model 3 will still arrive in 2017. "Model 3 remains on schedule," the spokesperson said. "As we've stated, we plan to show Model 3 in 2016 and begin production in 2017. JB's slide is a high-level look into when Model 3 will be in full production."

Related Link: Qualcomm-Backed Matterport Raises $30 Million To Enhance Virtual Reality

"Inside Out" Was Edged Out By "Jurassic World"

Pixar's "Inside Out" was unable to defeat "Jurassic World" at last weekend's box office, but the movie still made an impressive $90 million. "Heading into the weekend, expectations were for a $100 million-plus second weekend for 'Jurassic World' and a solid $60 million-plus for 'Inside Out,'"
Rentrak CorporationRENT
Senior Media Analyst Paul Dergarabedian
told Benzinga
. "As it turns out, the two films wound up much closer than anyone anticipated with Pixar's latest delivering an incredible performance in its North American debut."
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Qwilt Raised $25 Million, Shared IPO Dreams

Qwilt
, a video analytics platform that provides video intelligence reports that show how
streaming video services
perform, raised $25 million in a Series D. "[Our Board has] a lot of experience in building companies from zero and taking them all the way to IPO," Dan Sahar, co-founder and VP of Product Marketing at Qwilt,
told Benzinga
. "We're a high-growth company. [A startup has] to decide to push down on the pedal and move and accelerate sales and try to dominate the market as much as you can. In our case, it's basically to have as many network operators use our product and distribute it throughout their networks."

Facebook Could Be A Way To Play The Action Camera Craze

Investors are always looking for new ways to cash in on the action camera craze, especially with
GoPro IncGPRO
. They may also want to consider social media giant
Facebook IncFB
. "You know who action cameras help the most? Facebook," Tigress Financial Partners analyst Ivan Feinseth
told Benzinga
. "The whole point of GoPro is to share experiences, and the number-one platform to share these experiences on is Facebook."

Realquidity Launched To Help Investors Buy And Sell Real Estate

Realquidity
wants to be the Nasdaq of commercial real estate. After more than two years of development, the site was finally ready to launch this week. "[Realquidity] is a marketplace where you can sell fractional interest in a building," Shawn Silk, founder and CEO of Realquidity,
told Benzinga
. "If [someone] wants to sell a fractional interest in a property, they can increase their chances of getting market value for that." Disclosure:
At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
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