Tesla Model Y SUV to take on Electric BMW X3

Tesla has said it secured at least 455,000 preorders and that 1,800 new reservations are coming in every day.

But Tesla hopes the Model 3, which debuted at the end of July, will help the Silicon Valley company become the top carmaker on the block.

Moody’s Investors Service projects that Tesla will produce 300,000 of the vehicles next year. For a company that has yet to make a profit, its share price is up 66% since the start of 2017, giving it a market valuation of $60bn and making it bigger, on paper, than General Motors and Ford. At the Q2 mark for 2017, the company had delivered 47,100.

The debt pricing came amid a more than 1 percent drop this week in the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), which held gains of less than 1 percent for the year Friday, as geopolitical risks soured the appetite for risky assets.

The first Tesla Model 3 was delivered on July 28, 2017, to much media acclaim. The company’s “financing model is fragile”, tech analysts with Devonshire Research Group said in a research note a year ago about Tesla’s increasingly complex business model.

Tesla knows which next innovation is good for you, whether you know it or not.

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. When Tesla was courting equity investors during its initial public offering roadshow, he described the company as a “freaking technology velociraptor” set to revolutionise the world.

But Musk gave analysts an even more startling product tidbit in the conversation: Tesla’s next model – the Model Y small crossover – will require only 328 feet of wiring in construction, he said.

Weighing in 400kg lighter than its large sibling, the Model 3 Performance should hit 100km/h in less than 2.3 seconds.

Albertine is not so sure. There are several reasons why this is the vehicle the early adopter community (and first followers) is most in love with. The chief executive officer of London-based TwentyFour Asset Management, which manages $13 billion, said Tesla will need to raise more debt because it’s burning so much cash, and it’s likely to layer on new secured bonds.