Tesla seeks $1.5 billion junk bonds issue to fund Model 3 production

Tesla Inc. (NASDAQ:TSLA) Downgraded by Vetr Inc.

Although Musk's entrance was reminiscent of Tony Stark's entrance in Iron Man 2, the unveiling of Tesla's newest foray into electric cars begs the question - will the Tesla Model 3 be the safest auto on the road? That's still a good place to be from a cash perspective, and it nearly guarantees that Tesla will sell all of the vehicles it can produce not only this year, but also for all of 2018. Beyond the Model 3 production ramp, Tesla also intends to expand support infrastructure, including its Supercharger and service networks to accommodate a larger customer base.

Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99. Patience, though, has its rewards, as is the case with the Tesla Model X.

The Tesla bonds will have to be repaid to investors in eight years but the interest rate on offer to investors has not yet been decided.

With thunderous applause and rock music blasting in the background, Tesla CEO Elon Musk drove the Tesla Model 3 across the stage at an unveiling event.

Tesla chief executive Elon Musk congratulated the club on the record, which was issued by a public notary with a lawyer sealing the charge cap before starting the attempt, the club said.

Musk said last week the company was considering debt to expand cash on hand.

Hiroshima Marks 72nd Anniversary of World War II Atomic Bombings
He noted that adoption of the treaty was the outcome of the campaign focused on the unconditional unacceptability of the use of nuclear weapons.

Modi's 'hard line stance' pushing India into war
The stand-off emerged after Chinese troops were stopped by the Indian Army from constructing roads along the Doklam border. She underlined that China had been contributing to India's economic growth and had huge stakes in the country.

Trump defends McMaster as conservatives seek his dismissal
Tom Cotton (R-AR) revealed that Bannon and McMaster have "very forceful differences" during NSC meetings. There's now open speculation as to whether Steve Bannon could be the next Trump staffer to be ousted.

It is worth noting that while the basic version of the Model 3 starts at $35,000, the price can skyrocket to north of $50,000 with the addition of some features. "Obviously, that's like the promised land right there".

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, August 2nd.

"There is a well-developed track record of successful investments and generating returns on those investments", said James Albertine, a senior analyst at Consumer Edge Research, told Bloomberg.

So it's no surprise that the Palo Alto-based automaker, which lost $336 million in its most-recent quarter, announced on Monday morning plans to sell $1.5 billion in corporate bonds, which the company will use to strengthen its cash position. The company receives about 1,800 net orders a day for its mass-market electric auto, Musk told investors on Wednesday, putting total net reservations at 455,000. After that comes the Model Y, a smaller crossover scheduled to arrive as soon as late 2019.

Tesla also is involved in installing solar-paneled roofs and producing batteries that can store the energy and power homes. The lithium-ion cells look similar to AA batteries, but a bit bigger.

Related news:

Hot News

isis-killer-beheading-video-story-top Fox's Bolling Suspended While Being Investigated For Harassment
Aug 08, 2017 - 00:42
A host on Fox Business, Charles Payne, was suspended last month amid a harassment investigation. O'Reilly consistently denied the allegations, but was eventually fired from the network.

isis-killer-beheading-video-story-top Search on for Missing Marines After US Aircraft 'Mishap' off Australia
Aug 08, 2017 - 00:41
Australian Defense Minister Marise Payne said the incident occurred off the coast of Shoalwater Bay in Queensland state. USA military forces have been operating in the area as part of a joint training exercise called Talisman Sabre.

isis-killer-beheading-video-story-top Israel to close Al Jazeera offices, take network off-air
Aug 07, 2017 - 01:31
However, it said it was unclear as to when the communication minister's request would come into force. Cable and satellite providers have expressed their willingness to turn off its broadcasts, he said.

isis-killer-beheading-video-story-top Fox News Suspends Eric Bolling Amid Lewd Photo Allegations
Aug 07, 2017 - 01:28
Bolling has been one of President Trump's staunchest backers on television, and his career has benefited from it. Previously, he served as one of the hosts of " The Five " and as a fill-in host for O'Reilly and Sean Hannity .

isis-killer-beheading-video-story-top Special prosecutor Robert Mueller asks White House for documents on Flynn
Aug 07, 2017 - 01:23
Flynn's consulting business was paid $530,000 to handle a campaign against an opponent of the Turkish government. His potential failure to register as a foreign agent could also carry a felony charge.

isis-killer-beheading-video-story-top Venezuela government says arrests made after reports of military uprising
Aug 07, 2017 - 01:14
The person says bursts of gunfire could be heard coming from the base in the central city of Valencia starting around 4:30 a.m. Brazil on Friday recommended that Venezuela be suspended from trade bloc Mercosur until it returns to democracy.

isis-killer-beheading-video-story-top Talks to end tension in South China Sea to start in November
Aug 07, 2017 - 01:11
Its sweeping claims overlap with those of ASEAN members Vietnam, the Philippines, Malaysia and Brunei, as well as Taiwan.

isis-killer-beheading-video-story-top Toyota and Mazda play Trump's card
Aug 06, 2017 - 01:40
This picture shows the logo of Japan auto giants Toyota Motor Corporation and Mazda Motor Corporation in Tokyo on August 4, 2017. Mazda, for its part, stands to gain from a deal that gives the small automaker a production foothold in the United States.

isis-killer-beheading-video-story-top Venkaiah sweeps VP polls with 516 votes
Aug 06, 2017 - 01:38
MoS in the Prime Minister's Office, Jitendra Singh, says Naidu's election is the beginning of a "new political culture". M Venkaiah Naidu is said to have the support of 484 leaders in total and 395 votes are enough for victory.

Russian deputy minister blacklisted in new European Union sanctions over Siemens case
Aug 06, 2017 - 01:36
The Russian foreign ministry has expressed "deep regret" over Brussels' decision to expand the anti-Russian sanction list. The sanctions, consisting of an asset freeze and travel ban, now apply to 153 people and 40 entities, the council said.

isis-killer-beheading-video-story-top Pound slumps after Bank of England kills rate hike hopes
Aug 06, 2017 - 01:35
And he added that if the Brexit process does not go smoothly, it could pose further challenges to the economic picture. Badiani said he thought the BOE will remain tolerant of inflation above its monetary policy target of 2 percent.

isis-killer-beheading-video-story-top Bill Ackman Pushing for Board Seats to Control ADP
Aug 05, 2017 - 00:36
Ackman had reportedly also asked for the head of ADP's chief executive officer, a demand that had also been rejected. ADP shares rose about 2% initially but have turned down 0.1% to 111.63 in the stock market today .

Spotify On Xbox One Soon To Be A Reality
Aug 05, 2017 - 00:33
The app was uncovered by a vigilant Reddit user who noticed Xbox Live director of programming Larry Hryb, A.K.A. Now, as several leaks seemingly reveal, it looks like that service is finally coming to the Xbox One.

Pixel 2 leaks, confirms dual font-facing speakers, no headphone jack
Aug 05, 2017 - 00:32
This is kind of an obvious expectation given that the Google Pixel 2 and Pixel 2 XL are upgrades to the 2016 models. Venture Beat further reports that, as rumored, the Pixel 2017 family will not have 3.5mm headset jacks .

isis-killer-beheading-video-story-top Google Play Store now priotises stable apps
Aug 05, 2017 - 00:28
Google has revealed it taking steps to try to reduce the amount of crappy apps which can be downloaded from the Google Play Store. The updated algorithm will continue to be rolled out to the users over the next few days across the world, said the company.