Tesla Model Y SUV to take on Electric BMW X3

Elon Musk launches new Tesla Model 3 electric car

Elon Musk launches new Tesla Model 3 electric car

Yet still, Tesla isn't finished, as it's readying another SUV - the Tesla Model Y.

Safety regulations may force Tesla to adopt physical mirrors rather than cameras for the production Model Y, which is pencilled in for 2019 - although it could come as late as 2020.

To be more specific, a claim within technology journalist Ashlee Vance's book, Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, is making waves regarding a long-time Musk assistant, who he reportedly fired a few weeks after she asked for a raise. Musk described the story as "total nonsense". Now, Tesla is quietly equipping new Model 3, S and X production units with upgraded Autopilot hardware (HW 2.5). Tesla anticipates the addition of Model 3 production this year will eventually lift plant volume to almost 500,000 vehicles a year.

As a reminder, the Tesla Model 3 is offered from $ 35,000 in the United States, or about 30,000 € at home, where it should land in 2018.

If the introduction goes as planned, the Model 3 will take Tesla and its sole assembly plant into the realm of high-volume production.

A large bond offering usually targets a company's most important asset and caps the amount of secured debt that can be yoked to it, Valerie Potenza, the head of high-yield research at Xtract Research, told reporters after Musk's call. Albertine, whose independent equity research boutique focuses on the global consumer sector, argued, "The market should want to give innovative companies more capital as long as they perform, and Tesla is clearly performing".

"They may be investing due to the uniqueness of the offering rather than the value".

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.

A prototype mockup of the Model 3.

Albertine is not so sure. All this and more on Green Car Reports.

However, as Tesla's quarterly earnings performance shows, it may finally be time for TSLA stock bears to set Musk's irritable inaccuracies aside and re-examine their stance on the company. This is the first occasion that Tesla has chosen to sell non-convertible bonds.