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Tesla to raise $783 million with sale of prime auto leases: Bloomberg

Teslarati

Tesla is set to raise additional funding by selling debt backed by automotive leases, and a report says that the debt sale could price as soon as next week. The sale is reportedly being led by French firm Societe Generale, and it’s expected to be officially priced next week. percent coupon on its top tranche.

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Tesla (TSLA) is looking to raise almost $800 million from debt sale backed by auto leases

Baua Electric

Tesla (TSLA) is reportedly looking to raise almost $800 million from a debt sale backed by its auto leases. billion in ABS notes: Tesla is also sitting on $30 billion in cash, cash equivalent, and short-term investments at the end of last quarter FTC: We use income earning auto affiliate links.

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CapGemini: 87% of global consumers prefer personal vehicle to ensure safe travel, up from 57% in April 2020

Green Car Congress

This reflects a continuous shift in consumer preference towards personal mobility, fueled by the COVID-19 pandemic, as car ownership today is seen as a safeguard against the risk and spread of infection. Meanwhile, 78% of consumers will opt for using their personal vehicles over taking public transport.

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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 —Colin Couchman, executive director, global autos demand forecasting at IHS Markit. million units. million units.

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Tesla Model Y continues to lead auto sales in Norway

Push EVs

share of the auto market in March, down from 91.9% Overall auto volume was 19,366 units, up some 19% YoY, and the highest March sales since at least 2016 (though compensating from a hangover earlier in Q1). The Model Y alone took over 38% of Norway’s new passenger auto registrations in March. year on year. comprised 86.8%

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STMicro sees Q1 sales well below estimates as auto chip demand softens – ET Auto

Baua Electric

We continued to see stable end-demand in Automotive, no significant increase in Personal Electronics, and further deterioration in Industrial,” CEO Jean-Marc Chery said. China trade spats and sluggish demand for personal electronics, but this trend could be waning. In 2024, STMicro plans to invest about USD 2.5 billion to USD 16.9

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German auto lobby recommends ending all fossil fuel sales by 2045

Baua Electric

An old gas station converted into Tesla Supercharger The main lobby group of the German automobile industry has recommended that all fossil fuel sales should be ended in Germany by 2045, but it’s still advocating for less-efficient e-fuels over rapid electrification.

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