Tesla raised $1.8 billion on the production Model 3

After a successful share placement experts talk about the imminent profitability of the company.

Analysts at investment Fund Baird Monday, August 14 raised its target price of Tesla shares c $368 to $411. This, according to experts, says that Tesla may soon become profitable.

“The market capitalization of Tesla is partly encouraged by investors, implying that the value of the company far exceeds its debt, which now amounts to more than $8 billion. Many investors believe that Tesla may soon become profitable, taking into account the features of high initial demand for the Model 3 and the company’s leading positions on the market of electric vehicles, which, according to some experts, is the future of the automotive industry”, – writes the edition.

11 August, the us Tesla has released its first high-yield bonds. The volume of placement of bonds was increased by $300 million originally planned to $1.8 billion due to high demand. The money the company Elon musk plans to invest in expansion of production of “national” electric car Model 3 with the most affordable price in the range of $35 thousand for the basic configuration.

Recall that Model 3 introduced in 2016. For the first week in the queue to buy a car rose to 325 thousand people.
In the first half of the year, Tesla sold 47100 their cars and achieved their stated aim – to sell from 47 to 50 thousand cars. The company stated that Tesla that sales could be stronger if not for “serious production deficit” batteries, which makes the production until the beginning of June fell short of demand by an average of 40%.

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