Why Tesla Motors Is Fueling Up on Debt

Tesla Has Received 63,000 Model 3 Cancellations

With thunderous applause and rock music blasting in the background, Tesla CEO Elon Musk drove the Tesla Model 3 across the stage at an unveiling event. "And then in Germany, we've just heard announcement of a new plan for a $1 billion factory on batteries", Giles Keating, now the chairman at investment consultancy Werthstein Institute, told CNBC Monday. Tesla now makes fewer than 10,000 cars per month on average, but almost half a million buyers have placed a deposit for the company's cheapest ever auto.

The company has yet to make a profit in its history.

In other Tesla news, Director Kimbal Musk sold 4,690 shares of Tesla stock in a transaction dated Monday, July 3rd.

Tesla's Model 3 has stripped the traditional dashboard of all the gauges and hardware features which drivers have become accustomed. Depending on who you ask, Tesla reportedly spends anywhere between just under $30,000 and up to $80,000 to build a Model 3. A Model S with all-wheel drive starts at $75,700 including destination. That's 53% higher than the second quarter of 2016, the company said. To meet demand, Tesla is expanding its Gigafactory in the Nevada desert and planning three more Gigafactory facilities further, to be announced in further detail later this year.

US Military Calls off Search for 3 Missing Marines
The aircraft was in Australia for the Talisman Sabre joint military exercise held by the U.S. and Australia in Shoalwater Bay. United States military forces have been operating in the area as part of a joint training exercise called Talisman Sabre.

For a while now it's been a goal among electric auto enthusiasts, especially Tesla owners, to set new records in how far they can drive their vehicles on a single charge. Tesla has an official range of energy for the Tesla Model S which has a 100D battery and is very low in comparison with the record set in Italy. Tesla is locked in to a take-or-pay contract with Panasonic, which Kelty negotiated. On October 6 the company was downgraded from "Buy" to "Neutral" with a current price target of $185.00 in a report issued by Goldman Sachs. Cell pricing is publicly opaque, however, and absent Tesla disclosures any effect would be hard for outsiders to determine.

Elon Musk-led electric vehicle maker Tesla Inc (NASDAQ:TSLA) reported a strong Q2 earnings report last week. They rose 8% in after-hours trading.

By all accounts, this new mileage record did not come easily. Nothing extreme was done, like removing extra seats and other components to make the auto lighter, for example, but the driver did have to do without air conditioning.

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