Tesla reveals Model 3 reservation number, Model Y details

13 August, 2017, 07:07 | Author: Becky Perry
  • Tesla seeks $1.5 bn junk bond issue to fund Model 3 production

Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the USA luxury electric auto maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. Yet still, Tesla isn't finished, as it's readying another SUV - the Tesla Model Y.

When it was rolled out Musk said: "All Tesla vehicles exiting the factory have hardware necessary for Level 5 autonomy". Let's not forget, Tesla's debt burden rose significantly in 2016 when it bought solar panel maker SolarCity.

Over time, there will be more optional systems that will be offered on the Model 3.

The doors open on Tesla's first Queensland Store and Service Centre today, showing off the Model X, Model S and Tesla Powerwall - as well as providing four Supercharging bays. Scaling up Model 3 production, in contrast, means dramatically increasing Tesla's monthly raw materials supply, battery production, and manufacturing speed. Until now, Tesla's Fremont, Calif., plant has been turning out fewer than 100,000 sedans and crossovers a year.

Vehicle rams into crowd during white nationalist rally in Charlottesville, Virginia
His chief strategist, Steve Bannon, once declared that his former news site, Breitbart, was "the platform for the alt-right". Trump, as a candidate, frequently came under scrutiny for being slow to offer his condemnation of white supremacists.


When she returned, Musk told her she was no longer needed, gave her 12 months' salary as severance package and never spoke to her again. Tesla anticipates the addition of Model 3 production this year will eventually lift plant volume to almost 500,000 vehicles a year. In a series of tweets, he calls out "bogus anecdotes" that weren't cleared by him while conceding that the book was "mostly correct". Simplifying the distribution of electricity through a vehicle can have an impact on how long it takes to produce a auto in an assembly plant.

While Tesla's "manufacturing hell" would be tolerated by equity markets, barring the odd short-seller, Musk might well be about to find out that bond investors are far less forgiving when it comes to companies that don't make money. That represents a massive increase over Tesla's current production rate-and it may aggravate tensions with workers, according to the The Daily Beast.

"There will be nothing close to it", he hinted, although providing no details.

Future Tesla models understood to be in the works include an electric minibus, an electric HGV lorry and a second-generation Roadster - the original Tesla.

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