Tesla Cash, Mazda Tech, & Hyundai Pricing
Tesla is trying to raise some cash. Reuters is reporting Tesla will raise about $1.5 billion in bonds for production of the Model 3. The first 30 of the compact electric cars were handed over to employee buyers a little more than a week ago. CEO Elon Musk has said they’re averaging over 1,800 Model 3 reservations per day. Tesla says deliveries to non-employees will begin during the final months of this year.
Mazda could soon show a new source of power under the hood. Motoring is reporting Mazda will reveal their homogenous charge compression ignition technology. They expect to see it at a technology forum in Frankfurt in a few weeks. Motoring saying the new engine will be in the next generation Mazda3 next year.
If you’re shopping for a 2018 Hyundai Elantra GT, we now know the price. The company says the bill begins at $19,350 for the 2.0-liter 4-cylinder with 6-speed manual transmission. The Elantra GT Sport with 1.6-liter Turbo GDI 4-cylinder and 6-speed manual transmission starts at $23,250.