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emfizz.com October 22, 2017


Tesla's $1.8B Bond Sale…Wait, I Though It Was $1.5B?

13 August 2017, 10:49 | Bernard Bryant

Tesla's $1.8B Bond Sale…Wait, I Though It Was $1.5B?

Tesla's $1.8B Bond Sale…Wait, I Though It Was $1.5B?

But Tesla CEO Elon Musk promised in the last quarter of 2016 that every auto in production moving forward will have the self-driving hardware, as published on the official blog. "It is total nonsense", Musk tweeted Thursday night.

The interview about the Tesla Model 3 begins at 4:33. Before any of those vehicles arrive, however, Tesla will be concentrating on getting 500,000 Model 3 saloons to eager customers.

Tesla shares are up 67 percent this year, pushing the company's market value to about $60 billion, above that of top USA automakers General Motors Co and Ford Motor Co, even though Tesla has yet to make an annual profit. Tesla Model 3, on the other hand, did not have a functional self-driving hardware when the first batches came out of the assembly line recently. With that in mind, the company will be keen to stress the drawbacks to the Model 3 when discussing with consumers, but the $35,000 tag will have successfully drawn the buyer in.

Like in the Melbourne and Sydney stores, you'll be able to check out customisation options for the cars, as well as Tesla's Powerwall and Solar Panels.

According to two sources speaking to Electrek, Musk shared the news during a conference call hosted by Goldman Sachs for bondholders, following the company's bond issuance. However, they did confirm its presence in new Tesla vehicles ordered today.

"They may be investing due to the uniqueness of the offering rather than the value". Until now, Tesla has only referred to the two models by the 220 and 310 miles they respectively drive before needing a recharge.

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Interested in solar? Get a solar cost estimate and find out how much a solar system would cost for your home or business.

Albertine is not so sure.

The figure is impressive, and confirms previous reports that Tesla plans to include a battery smaller than 60 kWh in the base model.

However, Musk conceded that the biography overall was not entirely flawed, calling it "mostly correct", but saying that the story was "rife with errors and never independently fact-checked" despite his request for that.

The new notes offering will not dilute equity holders.

Musk's electric-car maker Tesla raised $1.8 billion in its debut bond sale on Friday, boosting the amount by $300 million to meet demand.



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