New Tesla Model Y SUV due 2019

Tesla has been working on a backup plan in case its self-driving promises fail

While Tesla previously stated the Model Y would sit on an all-new platform, the lure of sharing complex mechanical components has clearly become more attractive and founder Elon Musk has now confirmed the Model Y will share its backbone with the Model 3.

The 31-year-old actress' split with the billionaire Tesla tycoon, 46, first reported by Us Weekly, comes a little more than three months after the couple publicised their status in an Instagram post in April. Tesla Model 3, on the other hand, did not have a functional self-driving hardware when the first batches came out of the assembly line recently. By selling bonds now, Musk can raise cash for Model 3 production without diluting equity holders.

Tesla Inc.'s (NASDAQ:TSLA) CEO Elon Musk has always been a controversial and vocal mouthpiece for the electric auto company, often to the detriment of the company's stock.

Tesla's unsecured notes will rank bondholders similarly to their convertible-bond counterparts, though they won't reap the same upside reward should the Model 3, or any other success, propel the stock even further.

Fortunately, Musk has changed his tone about the vehicle. Musk said in a later tweet: "Just because I have the outfit and the awesome weapons doesn't make me a ninja".

The Model Y is particularly important, Musk explained, because the market for SUVs is now larger than the market for cars.

Kuwait says arrests 12 convicted in 2015 Iran spy case
They had been on the run since their sentencing last month, and were seized in different parts across the Gulf state. Kuwait has protested to Lebanon over the alleged training of the al-Abdali cell by "Hezbollah".

The carmaker's Model 3 sedan has racked up nearly 500,000 reservations.

According to Tesla, the standard version of the Model 3 will have a 220-mile range, while an extended Long Range variant will be available with a 310-mile range. But - at least for now - it seems like Tesla has appropriately positioned its Model S and Model X as differentiated, premium products.

What's more, he often handles concerns regarding Tesla's cash burn in much the same way.

Every HW 2.0 or later vehicle should still have the foundations for self-driving functionality, in other words.

Tesla Inc., the American automaker is working on a backup plan if its long-standing promise to bring "Full Self-Driving Capability" onto roads falls short to meet the market demands, claimed the latest report, and published by Electrek.

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