Wednesday, 23 August, 2017

Amber Heard and Elon Musk speaks out about break up

Elon Musk pushes Model 3 to the public as Tesla starts raising cash Tesla raising cash in push to get Model 3 to masses
Velma Reese | 13 August, 2017, 12:01

There will be a Tesla Model 3 "P" Performance version, says CEO Elon Musk, but "production hell" comes first for the mass-priced electric auto.

The automaker's debt load increased significantly past year when it bought solar panel maker SolarCity.

Actually, that makes flawless sense since it was believed that everyone who got their new EVs already was a Tesla Inc. employee, which means they were bound by contract to keep quiet about the Model 3 until every possible issue had been ironed out. The debt offering, Tesla's first of non-convertible bonds, represents the latest sign of froth in the high-yield market, where investors have been turning a blind eye to bond-market basics in search of yield. S&P rated the bonds negative B and Moody's B3.

It added that the overall company's "B2" rating was supported by the fact that if Tesla ends up in a financial pickle, its brand, products and physical assets would carry "considerable value" to other carmakers.

CFRA equity analyst Efraim Levy said the bonds provide Tesla with funds "at least into mid-2018".

Meanwhile, the company is burning cash at a rapid rate.

The California automaker has its hands full launching the Model 3, a long anticipated compact electric vehicle that Tesla is expected to retail for around $35,000.

Ivan Perisic to Manchester United
Reigning Premier League champions Chelsea will open the defence of their crown at home to Burnley on Saturday. I think "no" but it depends on money.

Tesla launched a US$1.8bn junk bond on Friday, increasing the size but not budging on price, in a sign that the electric-car pioneer found the robust demand many in the market expected.

While we're genuinely sad that the pair - or anyone - has to explain themselves publicly when it comes to extremely personal parts of their lives, we also completely respect their desire to quell baseless rumors and unnecessary drama.

Musk, 46, isn't one to dial down expectations or stay away from painting colorful imagery of his products.

What's more, he often handles concerns regarding Tesla's cash burn in much the same way.

Morgan Stanley; Barclays Capital; Merrill Lynch, Pierce, Fenner & Smith; Citigroup Global Markets; Deutsche Bank Securities; and RBC Capital Markets were the other underwriters.

Shares of Tesla closed down 0.5 percent at $355.17 on Monday.

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