Revenue from Model 3 will fund Model Y (expected in 2019), Tesla Semi (our best guess is 2022), and, most importantly, the master plan of accelerating the world's transition to renewable energy. Over time, there will be more optional systems that will be offered on the Model 3. Before any of those vehicles arrive, however, Tesla will be concentrating on getting 500,000 Model 3 saloons to eager customers. The facility is said to be only at about 30 percent capacity.
As Elon Musk's sells debt to bankroll Tesla Inc.'s (TSLA) launch of the mass-market Model 3 electric vehicle, he's reportedly asking for a sweetheart deal. Recently, Musk said that now Tesla is looking at being able to hit 700,000 per year at some point (likely with a second factory, or at least the Tesla Gigafactory chipping in heavily).
Musk, 46, isn't one to dial down expectations or stay away from painting colorful imagery of his products. While Tesla workers have talked of unionization before, the increased strain of "production hell" may add new urgency to that debate, the website reports.
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.
The updated onboard computer, dubbed "HW 2.5", would seem to contradict the previous vow by Tesla CEO Elon Musk that all vehicles released since October 2016 would have the hardware necessary to achieve "full self-driving capabilities". Of all the bogus anecdotes, this one troubles me the most.
"To complete the 1,078km record distance, we used 98.4kW/h of electricity, which is equivalent to eight litres of gas", explains Tesla Owners Club Italia President Luca Del Bo. By selling bonds now, Musk can raise cash for Model 3 production without diluting equity holders. Now, with the Model Y, it's doing it again.