Tesla collects 1,8 billion dollar for Model 3 production
American electric car maker Tesla has collected 1,8 billion dollar with investors for the production of its Model 3. For this Tesla issued bonds with a term of eight years, which proved to be very popular, raising 300 million dollar more than envisioned.
Going through hell
Tesla has started the production of its most affordable model up to now, the Model 3, in its Fremont factory. At the delivery of the first 30 cars assembled to the first buyers, all Tesla staff, CEO Elon Musk said “his staff would go through a hell the next six months in production”.
Tesla has more than 455.000 pre-orders now for its Model 3 and claims its order book is growing by 1.800 a day. To meet this demand, Tesla wants to beef up production to 20.000 cars a month by December and 500.000 a year for 2018. Last quarter Tesla already spent 1,2 billion dollar on this.