Tesla Intends To Discontinue The Model S 60 kWh And 60D

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A statement released earlier today by Vetr Inc. about Tesla Inc (NASDAQ:TSLA) bumps the target price to $244.13

The conversion premium allows for the bond holder to exchange their bond for common stock, Tesla has set the price of that conversion at $327.50, which is roughly 25% above current market value. Last week Wall Street spent a lot of time evaluating the EV maker's latest capital raise, which ended up being less than what analysts were mostly expecting.

In emails sent to customers last week, electric-car maker Tesla (NASDAQ:TSLA) warned potential customers interested in its base 60 kilowatt-hour Model S - which is the cheapest version of the fully-electric sedan available and has a starting price of $68,000 - that April 16 would be the last day to order the vehicle. Back in October, we reported on Tesla reaching the 3 billion electric mile milestone and the company's global fleet has managed to add 500 million in less than 3 months - bringing the total to 3.5 billion in December.

And now Tesla is ditching the 60 kWh variant yet again. After including the capital raise, he now estimates that the company will end this year with $1.8 billion in cash, which he described as "a significantly more comfortable liquidity cushion".

The Model 3 is a key element in the company's expansion goals, which include ramping up its production to a rate of half a million vehicles by the end of next year.

While raising cash isn't critical to releasing the Model 3, it would probably be wise, Musk said on the February 22 earnings call. Finally, Daiwa SB Investments Ltd. bought a new position in shares of Tesla during the third quarter valued at $1,000,000. With Tesla having set a schedule for production of the $35,000 Model 3 to start in July, a streamlined set of choices for auto buyers will give them the chance to make a clear choice on the Tesla vehicle that they are going to buy. If they wanted more, they'll have to fork out $9,500 for an upgrade. Further, Musk said the quality of the Model 3 candidates is much higher than that of the early Model S and Model X cars.

03/17/2017 - Tesla Motors, Inc. had its "sell" rating reiterated by analysts at Goldman Sachs.

So, that means if you picked up a 60 or 60D you were probably struggling to get into the auto at all.

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