Tag Archives: Daimler

Tesla Sells Junk (bonds), Malls Love Apple, Watching TV Has Become Stressful, and Facebook Will Now Take Your Order…

We have an amazing team here at BlueOrange. Kaspars is on a well deserved vacation, and Krista and our summer intern Renārs do a great job keeping everything in order, while also providing thoughtful and fresh insights into making us a little bit better every day.

Here are some links that they found interesting this week:

Tesla manages to raise $1.8b through junk bonds yielding 5.3%
Earlier this month, Tesla came out with a statement saying that the money required to fund the projected production ramp of its recently released Model 3 is going to be raised through a bond offering. At first, the electric carmaker wanted to raise $1.5 billion, a number that, due to high demand, was later increased to $1.8 billion.

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LINKS!!!

LINK: Tesla Starts Producing Its Model 3
The first Tesla Model 3 rolls off the production line!
It’s finally here! The first Tesla Model 3 rolled of the production line on July 9th, as Elon Musk tweeted a photo of the newly-built vehicle. According to a series of tweets, it was poised to be delivered to Ira Ehrenpreis, the first of four hundred thousand people to put down the $1000 pre-order deposit. As it turns out, Mr. Ehrenpreis was kind enough to let Musk have the first ever production vehicle.
The new Model 3 has a base price of $35’000, making it the most affordable Tesla to date.

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Big Problems, Big Opportunities & German Automakers

Yesterday Volkswagen AG announced that it would pay $14.7 billion to get 480,000 emissions cheating diesel vehicles off of US roads:

LINK: VW settlement

This is a very heavy settlement.

One thing to remember, however, is that Volkswagen is 20% owned by the German state of Lower Saxony. It also bears a very large imprint on German manufacturing. As such, we decided that Volkswagen debt was to be considered as quasi-sovereign German debt and decided to buy on the heavy sell-off that occurred when the scandal broke in September.

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