Tesla has revealed little about the Model Y. The company says it will arrive in 2019 or 2020, although the date is apparently not firm.
Despite TSLA stock advancing more than 50% since the start of this year, Tesla the company has attracted a veritable flood of negativity - no thanks to Elon Musk.
That's why a $1.5bn (£1.15bn) bond issuance by electric carmaker Tesla - which matches such a description - is no exception.
In its first foray into selling pure debt, Tesla offered an eight-year non-call three-year bond that was originally marketed at a size of US$1.5bn.
The Model 3 is, in many ways, the true make-or-break moment for Tesla.
Moody's assigned a B2 rating with a stable outlook.
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I'd say he's being incredibly irresponsible and he's putting us in a situation where you could have an accidental launch.
He said: "Amber and Elon are both very serious about each other".
The automaker's debt load increased significantly previous year when it bought solar panel maker SolarCity.
"It was well-received", said Efraim Levy of CFRA.
Future Tesla models understood to be in the works include an electric minibus, an electric HGV lorry and a second-generation Roadster - the original Tesla. Investors desperate for income have depressed the yield gap between single-B-rated junk bonds and U.S. Treasuries by almost 2 percentage points over the past year, to 3.59 points, according to Bank of America Merrill Lynch.
But even as Friday's deal seemed to be going well, many fixed-income accounts expressed some scepticism about a deal from a company that has been burning through cash.
Ultimately, the depth of investor interest will determine the bond's interest rate. Simplifying the distribution of electricity through a vehicle can have an impact on how long it takes to produce a auto in an assembly plant.
Priced at $35,000 per unit, the Model 3 has bagged 455,000 orders since its launch, a downward revision from the 518,000 units Musk initially proclaimed.