Tesla Model Y SUV to take on Electric BMW X3

Image Tesla

Image Tesla

Elon Musk founded the auto company in the early 2000s, but it wasn't until 2008 and the launch of the Tesla Roadster that the company started to get noticed in a big way. As the report highlights, Tesla has been working on the development of a new supercomputing hardware suite which will help Tesla achieving its goal of introducing full automation to the automobile seat.

Tesla has revealed little about the Model Y. The company says it will arrive in 2019 or 2020, although the date is apparently not firm.

Tesla raised $1.8 billion, $300 million more than expected, in its first high-yield junk bond offering Friday.

"Musk: Tesla will slash wiring on Model Y" originally appeared in Automotive News on 8/9/17.

The Danish Girl star and Musk ended their year-long romance earlier this month (Aug17), days after they were spotted together in Australia - and they're now insisting there are no hard feelings behind the split.

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

It expects capital expenditures of $2bn in the second half of this year to boost production at its Fremont, California assembly plant and a battery plant in Reno, Nevada.

Tesla had issued four convertible bonds to date - the company now has US$3.3bn outstanding - but it has never before accessed the public unsecured bond market. "Then you'd go back to the equity markets and hope it's not too late" to raise more money. On an earnings call a year ago, he said a California factory would soon be an "alien dreadnought" that would efficiently pump out new cars.

Total orders for the Model 3 tumbled to 455,000 from a high of 518,000, CEO Elon Musk told reporters, but the news of the defections didn't seem to bother the billionaire tech entrepreneur. That's actually better than the Model S provided on a slightly larger battery; the Model S with an 85KWh battery had a range of 253 to 272 miles, depending on the variant you purchased, according to the EPA's figures.

Our model suggests that a 5% cost of debt on a $1.5 billion debt raise would increase Tesla's loss in 2018 from $1.06 billion to $1.14 billion. The Model 3 is supposed to drive economies of scale by scaling to far higher volumes, and Tesla has said it's adding 1,800 reservations a day for the vehicle.

Gene Munster is a managing partner and co-founder at Loup Ventures.

Recommended News

  • Tokyo does not own Sea of Japan: China

    Tokyo does not own Sea of Japan: China

    It is the third time this year that USA ships traveled within 12 nautical miles of land claimed by China , the report said. Its sweeping claims overlap with Vietnam, the Philippines, Malaysia and Brunei - all ASEAN members - as well as Taiwan.
    Rally Cat Has Been Found, Safe and Sound

    Rally Cat Has Been Found, Safe and Sound

    Louis the infamous Rally Cat bit a stadium worker, was taken into the tunnels of the stadium, and promptly disappeared. The Cardinals found a fantastic way to honor the Rally Cat that ran across the field at Busch Stadium during St.

    Stores selling out of eclipse glasses

    A live web stream of the solar eclipse , as seen from other locations in the USA , will also be shown during eclipse time. To view the solar eclipse directly without damage to your eyes, you need special solar filter glasses.
  • The Premier League wonderkids on cusp of first-team

    The Premier League wonderkids on cusp of first-team

    Brighton boss Chris Hughton has spoken about the expectations he has for his side's first Premier League campaign. Scoring goals, that's what we were expecting.
    Derek Wolfe carted out of practice with apparent serious leg injury

    Derek Wolfe carted out of practice with apparent serious leg injury

    Wolfe suffered the injury when he became tangled up with offensive tackle Menelik Watson . It is possible he could move back inside and the Broncos could add an outside linebacker.
    Not seeing many meteors during Perseid shower? Blame the moon

    Not seeing many meteors during Perseid shower? Blame the moon

    This means that you will have better chances of seeing more meteors before the moon rises and adds additional light to the sky. We can look forward to a decent display, even though they aren't going to be raining down from the sky.
  • Iran Majlis passes motion in response to USA  sanctions

    Iran Majlis passes motion in response to USA sanctions

    The parliament's majority voted for the bill, which was a response to the US new sanctions against the Islamic Republic. A second vote will now take place on the bill before it is submitted to a clerical body for final approval.
    Kisner, Matsuyama share lead at Quail Hollow

    Kisner, Matsuyama share lead at Quail Hollow

    Lahiri derived some satisfaction from landing a birdie on both days at the final step of Green Mile - the 18th hole. The hole is a par 5 for the members, and even has a back tee that's not being used for the championship.
    Ram Vilas Paswan bats for JD(U) joining Union Cabinet

    Ram Vilas Paswan bats for JD(U) joining Union Cabinet

    JD (U) did not turn a blind eye to all the activities of Sharad. "Now Bihar will progress at a very fast pace", he said. Party leader KC Tyagi said Ansari has been "suspended from the parliamentary party" for attending the meeting.
  • Asian Stocks Sink Most This Year on US-North Korea Rhetoric

    Asian Stocks Sink Most This Year on US-North Korea Rhetoric

    They plunged 2 percent on Thursday on fears of slowing demand and lingering concerns over a global oversupply. South Korea's Kospi sank 1.7 percent to 2,319.83 and Hong Kong's Hang Seng shed 1.8 percent to 26,946.81.
    Jose Mourinho

    Jose Mourinho "happy" with Romelu Lukaku, Nemanja Matic displays

    But the United boss thought that was the impossible dream - until a surprise phonecall told him that he had finally got his man. Jose Mourinho says he has never managed a group of players he likes as much as his current Manchester United squad.
    We Are Discussing The Possibility Of Ibrahimovic's Man-United Return- Jose Mourinho

    We Are Discussing The Possibility Of Ibrahimovic's Man-United Return- Jose Mourinho

    It's going to be tough for them. "Now is our chance to fight for the Premier League and we have to do it as well". I saw him on the TV last season , but it will depend on how he and the other players adjust to the Premier League.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.