March 18, 2018

Tesla reveals Model 3 reservation number, Model Y details

13 August 2017, 12:01 | Kevin Scott

Tesla Model 3

Tesla Model 3

In the statement, it added: "We still expect to achieve full self-driving capability with safety more than twice as good as the average human driver without making any hardware changes to HW 2.0".

"We could lower our ratings on Tesla if execution issues related to the Model 3 launch later this year or the ongoing expansion of its Models S and X production lead to significant cost overruns", S&P said in a statement on the bonds.

Tesla's Model 3 is supposed to be a game-changing vehicle for both the company and the EV industry as a whole. Musk offhandedly dismissed concerns about Tesla Model 3 cancellations - orders now stand at about 455,000 compared to Musk's proclamations to the press of about 513,000 preorders - as inconsequential and that original numbers were "just a guess".

Musk says the huge elimination of wiring will be possible through new electrical systems that use different voltage and power transmission hardware.

Our exclusive image shows how the Model Y should look and follows an earlier teaser shot that revealed a sleek, sculpted auto, completely lacking wing mirrors. Tesla has said all-wheel drive will become available in the future.

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Tesla and Musk seem to be the center of controversy these days.

The debt pricing came amid a more than 1 percent drop this week in the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), which held gains of less than 1 percent for the year Friday, as geopolitical risks soured the appetite for risky assets. Until now, Tesla's Fremont, Calif., plant has been turning out fewer than 100,000 sedans and crossovers a year.

Were Tesla to produce, and sell 500,000 cars per year, the company would likely outsell the BMW, Mercedes, or Lexus brands in the United States.

Representatives for Heard and Musk have not returned requests for comment. Of all the bogus anecdotes, this one troubles me the most. A few dollar difference per kWh or a few kWh difference per battery capacity can make a significant overall impact on the cost of the electric vehicle. In addition, two pro-union employees recently spoke out about the potential dangers of the Model 3 production ramp.

While we're genuinely sad that the pair - or anyone - has to explain themselves publicly when it comes to extremely personal parts of their lives, we also completely respect their desire to quell baseless rumors and unnecessary drama.

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