Tesla Model 3, page-155

Tesla (NASDAQ:TSLA) Demanding More Deposit Money on M3 Orders

June 29, 2018

This week, nascent EV maker, Tesla (NASDAQ:TSLA) sent out e-Mails to all reservation holders of its M3 sedan to confirm their orders and configure their vehicles and send in another $2,500.

This comes as CEO Elon Musk is scrambling to drive up production of the company’s M3 sedan to reach his promised target of $5,000 vehicles per week by the end of June 2018. That end is here.
And that is goal that Mr. Musk has pushed out and out and out further a number of times.
Production setbacks have led many on Wall Street to become Bearish Tesla stock, doubting Mr. Musk’s remarks that the tech firm will not need to raise additional capital to fund operations.
The additional $2,500/vehicle demand is designed to provide Tesla with much needed cash against the rumor that it is being denied access to any new Street money and that this last run in its stock is a distribution of shares by the wire houses prior to a major Fibo correction of at least 55%.
Tesla does not break down reservations by region, nor has Mr. Musk disclosed a reservation number recently and we do not know how many M3 $1000.00 reservation have been cancelled.
The basic M3 sedan has the standard battery, and starts at $35,000, is not available in any numbers, and has no company assisted buyer financing program.
Earlier this week, analysts at Goldman Sachs issued a research note reiterating their sell rating on TSLA shares and forecasting the firm to fall short of its targets when it reports its Q-2 production and delivery numbers in the first few days of July.

All of it:
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