TESLA RAISES CREDIT LIMIT TO $1.1 FOR LEASES

Tesla said it had increased its borrowing capacity for car lease programme to $1.1 billion from $600 million. The move comes as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan.The company raised the borrowing capacity under certain warehouse agreements.Finally the concept of making 4 different models "S3XY" comes true even though after facing a problem with the naming model as 'E' by finding a creative idea of using number '3'.

LINK SOURCE: SP MOTORS