Lithia's Q2 net rises 3.4% on 16% revenue gain

Lithia Motors said net income rose 3.4 percent in the second quarter on robust service and parts, F&I and acquisition activity. Revenue rose 16 percent.

UPDATED: 7/28/17 11:37 am ET - adds details

Musk risks missing the mainstream if Model 3 strays from $35,000

Tesla's Model 3 handover party is Friday, but the $35,000 price tag is just a starting point. Many mainstream buyers will still find the electric sedan out of reach.