Tesla raising cash in push to get Model 3 to masses

Janie Parker
Августа 8, 2017

Our thanks to him for providing information that Tesla has so far chosen not to release. And, if recent Wall Street commentary is anything to go by, the street might be underestimating Tesla's Model 3 production ramp-up.

Moody's Inverstors Service assigned Tesla a B2 corporate family rating and slapped a B3 rating on the company's offering of senior unsecured notes. At the unveiling event, Musk shared video footage of a crash test comparing the Model 3 to the S60, and the results were astonishing. So, what exactly does that mean? First batch of 30 units has been delivered to customers on July 28. The demand/supply gap is clearly in favour of Tesla. Driving a Tesla Model S 100D this week, they traveled 1,078 kilometers-or 669.83 miles, as the group noted on its Twitter account-on a single battery charge. In fact, the actual scenario has been the exact opposite of what was feared.

Elon Musk has thanked his management team for pulling him "back from the cliff of insanity", and encouraging him to design the upcoming Tesla Model Y on the same platform as the newly-launched Model 3.

Tesla reported last week that its net loss in the latest quarter grew 15 percent, to $336 million, from a loss of $293 million in the year-ago period. However, it is overmatched by the Model 3 in speed and acceleration.

Tesla expects to manufacture 5,000 of the sedans every week by the end of 2017 and double that in 2018. Nothing extreme was done, like removing extra seats and other components to make the vehicle lighter, for example, but the driver did have to do without air conditioning. Zacks Investment Research raised Tesla from a "hold" rating to a "buy" rating and set a $345.00 target price on the stock in a report on Tuesday, April 25th.

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The rating agency said the overall company's "B2" rating was supported by the fact that if Tesla ends up in serious financial trouble, its brand name, products and physical assets would be of "considerable value" to other automakers. While RBC capital markets analysts were also positive exiting Q2, analysts at Goldman Sachs, Morgan Stanley and Cowen weren't too optimistic, citing huge Capex and downside risks to the model 3 production ramp-up. Savvy investors should see this as a sucker's bet.

How To Play Tesla Stock?

Welp, there is the drop in Tesla stock that Einhorn and his band of bears have been waiting for...

But investors remained focused on Tesla's long-term potential. Outside you pack full LED lighting, eight cameras, forward radar and twelve ultrasonic sensors for the active safety technologies - as well as 4 year, 50,000 mile limited warranty and 8 year, 100,000 mile (120,000 mile with Long Range Battery) for the pack.

Tesla does have cash holdings of $3bn, but the project is thought to be placing a strain on its finances. However, think twice before you short Tesla stock.

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