Elon Musk and Amber Heard overcome distance to be together in Australia

Tesla seeks $1.5 bn junk bond issue to fund Model 3 production

Details elsewhere are scant, but we understand the Model Y will ditch the complex and expensive "Falcon" doors fitted to the £80,000 Model X SUV and should be closer in price and size to the Model 3 saloon. The session, which featured a gleaming blue Model 3 on display, was part of a four-day debt-marketing extravaganza, which included an invitation from Musk for investors to tour the company's assembly plant.

Unfortunately for Musk fans, that's where this chapter ends as it is now the middle of the night in California and he is yet to tweet again. Before any of those vehicles arrive, however, Tesla will be concentrating on getting 500,000 Model 3 saloons to eager customers.

Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the USA luxury electric vehicle maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. At around $35,000, it's hard to make an argument for the Chevy Bolt or BMW i3 over the Model 3. That is $300 million more than Tesla initially planned to sell, a sign that demand for the debt is high.

Like in the Melbourne and Sydney stores, you'll be able to check out customisation options for the cars, as well as Tesla's Powerwall and Solar Panels.

That's according to Consumer Edge Research LLC senior analyst, Jamie Albertine, whose comments to The Street came after Tesla's recent investor call hosted by Goldman Sachs.

They'll help fund the ambitious rollout of the Model 3, the linchpin of Musk's plans to turn Tesla into a mass-market vehicle maker.


"They may be investing due to the uniqueness of the offering rather than the value". According to Musk, in the USA the Model 3 75kWh version costs $9000 ($A11,500) more than the pure-electric sedan fitted with the 50kWh batteries.

The Model Y's new architecture will use a new approach to electrical distribution, although Musk did not clearly explain how Tesla is doing it.

The new notes offering will not dilute equity holders.

Tesla's first mass market EV, offers two different battery choices - a 50 kWh and a 75 kWh.

But short sellers weren't the only ones with a dour opinion of Tesla.

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