Unfortunately for Musk fans, that’s where this chapter ends as it is now the middle of the night in California and he is yet to tweet again.
Tesla shares are up 67 percent this year, pushing the company’s market value to about $60 billion, above that of top US automakers General Motors Co and Ford Motor Co, even though Tesla has yet to make an annual profit. That was up 64% from previous year. At around $35,000, it’s hard to make an argument for the Chevy Bolt or BMW i3 over the Model 3. So, in a turn, that is contrary to the company’s modus operandi – Tesla hopes to reach a much wider audience through higher volume.
Tesla’s Model 3 is extremely popular.
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.
Electrek reports that at a Goldman Sachs-hosted event on Monday, Musk revealed the Model 3 comes in two flavors of battery: a 50 kilowatt-hour pack for the base model, and a 75 kilowatt-hour pack for the long range model that costs $9,000 more.
The bond signifies the next step in Tesla’s relationship with the capital markets and helps build a relationship with a new community of investors.
Our exclusive image shows how the Model Y should look and follows an earlier teaser shot that revealed a sleek, sculpted vehicle, completely lacking wing mirrors.
As the update was not yet available at the time, Tesla posted disclaimers on its dealership sites so that potential buyers would be aware that the self-driving feature isn’t automatic on many Tesla vehicles.
Albertine is not so sure.
So far, Tesla has been raising money to pay its bills with a combination of equity offerings and convertible bonds, which eventually convert into shares.
Analysts don’t appear enthralled with the $1.5 billion offer, because the company’s offer essentially exempts rules meant to prevent Tesla from using the factory as collateral for even more debt.
But short sellers weren’t the only ones with a dour opinion of Tesla.