Home / Business / Tesla to raise $1.15bn in stock for production of Model 3 quoting : Daily Mail Online

Tesla to raise $1.15bn in stock for production of Model 3 quoting : Daily Mail Online

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In this week’s top stories: Tesla Model Y renders, Model 3 production & delivery process, Google’s Project Sunroof Data, and EV news from Lucid Motors, BMW, and Volvo.
We kick things off this week with some unofficial Tesla Model Y renders that we think could be some of the most realistic yet.
Musk talks Tesla Model 3 production as well as the 5 minute delivery process, paperwork & instruction videos.
And Google releases its Project Sunroof Data: 79% of US rooftops analyzed are viable for solar – is yours?
These and the rest of this week’s top stories below:Tesla |EV | Autonomous |Solar | Energy |This week’s top videos |

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Tesla to raise $1.15bn in stock for production of Model 3

Tesla to raise $1.15bn in stock for production of Model 3

Tesla’s previous launches for the Model S sedan and Model X sports utility vehicle were marked by production delays and initial quality issues.
The company also expects to make $2 billion to $2.5 billion in capital investments before it starts Model 3 production.
Production of Tesla’s two current vehicles, the Model S Sedan and Model X SUV, increased 77 percent during the quarter to 24,882, the company reported.
Elon Musk has boasted the firm’s production facility for its much anticipated Model 3 will look like an ‘alien dreadnought’.
Tesla disclosed in May that it had taken 373,000 refundable $1,000 deposits for the Model 3, underscoring its appeal ahead of production.

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