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Tesla delivery time, No more Model S 60, $1.2B raised for Model 3 production| Tesla News

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Elon Musk pledges to get the delivery time to just a few minutes while facing large demand for the Tesla Model 3 sedan. Model S 60 discontinued due to most customers upgrading to Model S 70 anyway. Tesla raised over $1.2B in stock and debt to booster its finances ahead of the Model 3 productionSubscribe to this channel: https://www.youtube.com/channel/UCNX6...Latest Tesla vlog: https://www.youtube.com/playlist?list...Tesla had raised over 1.2 billion dollars to support its upcoming production of Model 3 sedan and booster its balance sheet. About a quarter of it came from the sale of common stock and the rest - from convertible senior notes due in 2022. The website electrek had reported that in a private call with investors Elon Musk had expressed the need of cutting down the delivery time to just a few minutes ahead of mass production of the Model 3 line to avoid bottlenecks. Musk had suggested that most of the paperwork and the instructional materials should be handled and delivered online ahead of each delivery. Say goodbye to the 60 kilowatt hour version of the Model S. On April 16th, Tesla will discontinue that version of the sedan claiming that most customers who chose that option in the past had ended up upgrading to the 70 kilowatt hour version anyway.Tesla stock had closed at $261.50 on Friday up more than 7 percent for the week.That’s it for now. Don’t forget to Like and Subscribe, and remember, to stay charged!

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