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Early Tesla Investor Says Model 3 "Drives like a Porsche"

Early Tesla Investor Says Model 3

The 31-year-old actress and Musk recently broke up, and they have now spoken out together to comment on their situation, admitting having a long-distance romance has been "tough" for them both. Let's not forget, Tesla's debt burden rose significantly in 2016 when it bought solar panel maker SolarCity. Tesla anticipates the addition of Model 3 production this year will eventually lift plant volume to almost 500,000 vehicles a year.

It would appear one of the people who received their Founders Series Model 3 is Jason Calacanis, the CEO of Inside.com and also one of the early Tesla investors.

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.

Meanwhile, the company is burning cash at a rapid rate. At around $35,000, it's hard to make an argument for the Chevy Bolt or BMW i3 over the Model 3.

While Tesla previously stated the Model Y would sit on an all-new platform, the lure of sharing complex mechanical components has clearly become more attractive and founder Elon Musk has now confirmed the Model Y will share its backbone with the Model 3. S&P rated the bonds negative B and Moody's B3.

Cat Found And Jailed For Crime Of Helping Vile Cardinals
The Cardinals are adding this event to their 2017 theme ticket schedule, and on September 10 against the Pittsburgh Pirates, St. Korie Harris, 35, reportedly went to claim the kitten after being enchanted by its on-field antics.

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.

The eight-year bonds will have a yield of 5.25 percent, in line with initial talk, according to a person with knowledge of the matter, who asked not to be identified because the sale is private. In this case, Tesla has done the opposite, he said, giving the Palo Alto, California-based company flexibility to raise more money using Gigafactory 1 as collateral, which would push previous creditors lower in the pecking order to get repaid in case of default.

Musk hopes to accelerate production cycle time through a combination of plant automation and by designing vehicles for simpler construction - such as the Model 3 and the Model Y.

Gaurav Sharma is the Business Editor of IBTimes UK.