On Monday, Tesla Inc announced that they are going to attract about $1.5 bn through the placement of high-yield bonds, as the manufacturer of electric vehicles in the United States need to obtain additional financing on the background of increasing production of its latest sedan Model 3, informs reuters. Rates, bond redemption and other terms will be determined later.
The founding father of Tesla, Elon Musk expects the Model 3, the cheapest car in the lineup can bring a good profit once in the mass segment.
The number of pre-orders for the Model 3 to cost $35 000, has already crossed the mark of half a million, averaging about 1,800 orders a day.
After the launch of the new model, Musk warned that Tesla is still facing months of «production hell» for the increasing rate of release of a sedan.
At the end of the quarter, the company received more than $ 3 billion in cash on the day, compared to 4 billions of dollars in revenue in the previous quarter and 3.25 billion a year earlier. Note that the market for Tesla shares this year, up 67%.
