First, to the lead. Tesla is raising money, they have expanded their offering to raise 140 million more than they already have. What will they spend it on . Why are investors excited . I am joined by our panelists. I want to start with why are people so excited . The reason they are spending this money, they are spending it for the growth on the model 3, they are seeing this and see this pentup demand for their products. That sends a strong signal to the market level of growth is coming down the road. That is why people are excited about this. Emily the same time, eric, they made it clear that they will not be able to make as many cars as they thought they were going to make this year, isnt that cause for concern . Eric the development of a vehicle can cost a billion dollars and takes many years. It is not just for the current environment that they are worried about this. It is the development of the model three and other future projects. You need capital well ahead of time to finance
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