Amber Heard and Elon Musk speaks out about break up

Mystery text: The Gold Coast Bulletin claims they received a text message on August 4 one day before news of the split broke that suggested that the unnamed Queensland sporting identity had been spending'many nights at Amber's Gold Coast accommodatio

Tesla seeks $1.5 bn junk bond issue to fund Model 3 production

In addition to being the co-founder and CEO of electric vehicle company Tesla, Musk was co-founder of PayPal.

"The issuer will use the net proceeds from this offering to further strengthen its balance sheet during a period of rapid scaling with the launch of Model 3, and for general corporate purposes", Tesla said in the debt offering term sheet. Musk, in one of his previous statements in 2016, said about Tesla aiming to build 500,000 EVs by 2018. That roughly corresponds with when Tesla started to catch on as a baby name. Aside from massive battery production, it also builds Model 3 drive units at the desert facility, with plans to move more production for the company's other cars from its plant in Fremont, California, as the new factory expands.

Moody's assigned a B2 rating with a stable outlook.

The company expects the Model 3 to quickly reach positive gross margins as they reach volume production in late 2017 or early 2018, but they stay vague when it comes to guidance about being profitable.

"There is a risk they could still run out of money", he said.

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. Of course, Tesla will pitch itself as a "green" bond issuer and the final rate of interest could depend on investor appetite.

Curious In a bizarre twist the publication reported that the messages metadata showed that the message was sent using an IP address that belongs to Space Exploration Technologies Corp or SpaceX- a company that Elon presides over as CEO. Also

With the Model 3 Tesla has brought together the technologies, design and manufacturing processes that have the potential to produce a profitable, high-volume electric vehicle that also has advanced autonomous driving capabilities.

At around $35,000, it's hard to make an argument for the Chevy Bolt or BMW i3 over the Model 3.

Musk told analysts that the Model Y's production plan will be a step apart from what Tesla - or the rest of the industry - is now doing.

Tesla had over $3 billion in cash on hand at the end of the June quarter, compared with $4 billion on March 31.

The sale was managed by Goldman Sachs Group, Morgan Stanley, Barclays, Bank of America Corp, Citigroup, Deutsche Bank AG and Royal Bank of Canada.

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