While Tesla workers have talked of unionization before, the increased strain of "production hell" may add new urgency to that debate, the website reports. Battery cell production for Tesla's Powerwall and Powerpack started at the Gigafactory in January, while production of Model 3 battery cells began in June. The real hurdle for Tesla's chief executive officer will be to produce the vehicle on a scale that the automaker has never come close to achieving before.
The Model 3 is by far the cheapest vehicle Tesla has ever produced.
He said: "Amber and Elon are both very serious about each other".
"It was well-received", said Efraim Levy of CFRA. "Then you'd go back to the equity markets and hope it's not too late" to raise more money.
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.
What's more, he often handles concerns regarding Tesla's cash burn in much the same way.
Tesla is counting on the Model 3, its least pricey vehicle, to become a profitable, high-volume manufacturer of electric cars. At around $35,000, it's hard to make an argument for the Chevy Bolt or BMW i3 over the Model 3. In addition, two pro-union employees recently spoke out about the potential dangers of the Model 3 production ramp. Sharing underpinnings with that auto means the Model Y is likely to have a similar range, which is officially pegged at 220 miles, or 320 miles with the long-range battery pack - although battery technology may have moved on by the time the Model Y launches, bringing with it commensurate increase in range.
Tesla has burned through billions of dollars - $1.2 billion in cash in the second quarter alone- in its effort to develop electric cars. This is the first occasion that Tesla has chosen to sell non-convertible bonds.
Morgan Stanley; Barclays Capital; Merrill Lynch, Pierce, Fenner & Smith; Citigroup Global Markets; Deutsche Bank Securities; and RBC Capital Markets were the other underwriters.