What Is Going On With Amber Heard and Elon Musk?

Elon Musk launches new Tesla Model 3 electric car

EPA docs reveal how Tesla's long-range Model 3 covers 310 miles

To be more specific, a claim within technology journalist Ashlee Vance's book, Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, is making waves regarding a long-time Musk assistant, who he reportedly fired a few weeks after she asked for a raise.

The new notes offering will not dilute equity holders.

It will also significantly increase the company's long-term debt through 2025, but as Musk discussed this week, the Model 3 program alone could generate ~$30 billion in revenue by that time with a demand for over 700,000 units per year.

Following the announcement, Standard & Poor's reaffirmed its negative outlook for the automaker and assigned a "B-" rating for the bond issue - deep into junk credit territory.

The bond signifies the next step in Tesla's relationship with the capital markets and helps build a relationship with a new community of investors.

He said: "Amber and Elon are both very serious about each other".

The automaker's debt load increased significantly a year ago when it bought solar panel maker SolarCity.

The eight-year bonds were priced at a record-low yield of 5.3% - a touch higher than initial talk of 5.25%.

What's more, he often handles concerns regarding Tesla's cash burn in much the same way. The lower base price of the Model 3, beginning at $35,000, is well shy of the usual Tesla cost of around $90,000. Sharing underpinnings with that vehicle means the Model Y is likely to have a similar range, which is officially pegged at 220 miles, or 320 miles with the long-range battery pack - although battery technology may have moved on by the time the Model Y launches, bringing with it commensurate increase in range. The WSJ reported recently that Tesla finished its latest quarter with $3 billion in cash, $2 billion of which it plans to spend in the second half of the year.

But short sellers weren't the only ones with a dour opinion of Tesla.

Goldman Sachs acted as left lead, while Morgan Stanley, Bank of America, Citigroup, Deutsche Bank and RBC came in as bookrunners.

Levy noted that investors are expecting profitability from Tesla's more affordable Model 3.

Shares of Tesla closed down 0.5 percent at $355.17 on Monday.

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