Tesla’s second stock offering netted the automaker $738 million in cash for its Gigafactory, Model 3 development, and dealer and service upgrades, Bloomberg is reporting.

Banks exercised their options to buy more stock than the initial $500 million estimate, with underwriters Morgan Stanley and Goldman Sachs buying more than 2 million of the available 3.1 million shares. Tesla CEO Elon Musk said he would be interested in buying $20 million worth of shares in the offering.

(Before the stock offering, the banking arms of Morgan Stanley and Goldman Sachs loaned Musk a combined $475 million, to which Musk pays market rate and is separate from their investment divisions, according to the offering.)

Shares of Tesla were down more than 3 percent in Thursday trading to $245.

Gearing up to sell its own four-door, all-electric sedan in a couple years, Aston Martin CEO Andy Palmer told well-heeled listeners in Monterey, California that Tesla’s “Ludicrous Speed” was plain ol’ dumb, Automotive News reported.

“We don’t do Ludicrous because Ludicrous speed is stupid,” Palmer said.

(But selling a variation of a four-door Aston Martin that’s been on sale for 6 years with a 200-mile range for $200,000 to $250,000? That’s genius.)

Mercedes-AMG took the wrapper off its dual-flavored C63 AMG Coupe on Wednesday — and to quote the great Denny Green: “They are who we thought they were.”

The Affalterbach duo was shown online after weeks of teases and official photo “leaks” two days ago. The only surprise left were the official specs of the coupes, which were close to what many people predicted.

The C63 “normal” will boast 476 horsepower and 479 pounds-feet of torque, while the C63 S will bump up to 510 hp and 516 pounds-feet of twist. Earlier estimates, based on the C63 sedan, were pegged 6 and 7 horsepower fewer, respectively. And curb weight, provided you’re a 150-pound human, with 15 pounds of cargo and nearly a full tank of fuel (I love how specific Mercedes can be) is 3,968 pounds for the C63 and 3,935 for the C63 S. (Unladen, the C63 and C63 S is 3,802 pounds and 3,769 pounds, respectively.)

Cadillac CEO Johan de Nysschen said future Cadillac cars in the U.S. will have diesel powertrains, Automotive News is reporting (via Autoblog).

De Nysschen told journalists that oil burners would make their way to the States after they’re launched in Europe, presumably around 2019. He said engineers at Cadillac were working on 4- and 6-cylinder models, but wouldn’t specify what cars those engines would power.

Audi, BMW and Mercedes offer diesel power plants in their compact or mid-size sedans that would compete with the theoretical Cadillac.

Tesla’s ride-sharing business could be worth hundreds of millions to the company in the future, an analyst for Morgan Stanley said Monday.

Adam Jonas increased his price target for Tesla from $280 to $465 — but said the stock could go even higher to $611 — based on his forecast that Tesla could introduce an autonomous ride-sharing service by as early as 2018, Bloomberg reported.

It’s at least the third time that Jonas has publicly pumped Tesla’s stock.

Toyota’s facelifted Land Cruiser will reach American shores, the automaker confirmed Tuesday. Toyota lifted the cover off the SUV yesterday in Japan and we reported that Toyota would tell us the same today.

(Oi. We should have stretched before patting ourselves on the back like that.)

The updated Land Cruiser will still sport a 5.7-liter V-8 that produces 381 horsepower and 401 pound-feet of torque. The engine will now be married to Toyota’s eight-speed automatic (the first Toyota-branded vehicle on our shores to use the gearbox) but oddly, mileage doesn’t improve beyond 13 mpg city/18 mpg highway/15 mpg combined, which were the numbers for this year’s six-speed box.

Toyota’s announcement also includes one of the best lines in press release history:

Leaked photos of the Mercedes-AMG C63 Coupe from a presentation have found their way onto the Web, from Zero2Turbo (via Carscoops).

The photos are in line with the official photos of the coupe we saw this weekend, and earlier “leaks” from Mercedes-AMG’s official Facebook page.

The coupe will likely follow the sedan and offer 470- and 503-horsepower versions of their 4-liter turbocharged V-8 shifted through a 7-speed dual-clutch transmission. The car will be shown to the public at the Frankfurt Auto Show in September and unveiled online August 19.

Toyota announced its updated Land Cruiser in Japan today, with a starting price of $38,000 (!?) for the off-roading legend.

The seven-seater over there serves as the base for our Lexus LX over here, which was unveiled over the weekend in California alongside the turbo’d Lexus GS, and our version has all the grille.

Based on initial reception of the LX, when will we get the new Land Cruiser?

Some may argue that Mercedes is responsible for the prevalence of four-door coupes on the market thanks to the popularity of the CLS. While the tri-star brand might be found guilty in the court of public opinion for slagging upon us such an abomination, it’s refreshing that the German brand still knows how to make a real, honest-to-goodness coupe — and this is the latest one: the Mercedes-Benz C-Class Coupe.

After years of delays, a redesigned concept and lots and lots of auto show carpet time, the Acura NSX still isn’t ready for prime time.

The automaker announced today that the NSX would begin production in spring 2016, not this fall as was previously reported. Automobile first reported the delay.

A spokeswoman for Acura said delays at the Marysville, Ohio plant producing the NSX, and changing performance targets for the car were responsible for the setback.

“Since this American-made supercar is the ultimate expression of the Acura brand, we want to ensure we’re delivering the best vehicle and customer experience possible,” an Acura spokeswoman wrote.

Tesla filed Thursday to sell nearly $500 million in shares of its company to raise capital and cover investments the electric carmaker plans to make in the future.

According to the filing with the U.S. Securities and Exchange Commission, the proceeds will go toward the company’s planned investments in the Model 3, Supercharger network and its Gigafactory battery plant in Nevada.

By the book, the stock sale is a short-term pain for long-term gain. Exposing Tesla further to the market carries certain risk, especially considering Tesla’s price growth and relative upside-down balance sheet, but if historical stock prices are any indication, it’ll be a cash cow. Elon Musk asking to buy $20 million in his own stock has pumped up the prices too beyond any distillation worries.

But don’t be mistaken: the second stock sale isn’t really about the cars.

Cadillac likely won’t push to sell more cars in Europe before 2020, the company’s CEO Johan de Nysschen told analysts on Tuesday.

“We’ll go to that market when we have the right powertrains and the right cars,” he said Tuesday, according to the Detroit News.

Previously, Cadillac had planned some right-hand drive models and diesel powertrains to help it gain a foothold in European markets. According to the report, Cadillac has sold only 838 cars in Europe so far this year. Cadillac wants to sell 500,000 cars globally by 2020, de Nysschen said.

According to Cadillac CEO Johan de Nysschen, it probably could.

According to Automotive News, de Nysschen told analysts that Cadillac would have a “a far higher degree of autonomy and self sufficiency” within two years, and the company could report its own profits and losses, separate from GM.

Already, Cadillac contributes “a very sizeable contribution to the overall profit at General Motors” de Nysschen said, so let’s cut the dead weight already and keep the ugly sorority sisters in the basement?

Hyundai will show off its “Vision G” concept coupe at the Pebble Beach Concours d’Elegance next week, and holy crap just make it already.

The Korean automaker showed the car off Tuesday to media in Los Angeles and detailed the concept’s theoretical specs. Its 5-liter V-8, which it shares with the Genesis Sedan and Equus, would provide motivation for the presumably rear-wheel drive car.

Mine eyes see Wraith in back, tall Aston up front. Wonderful. [You need vision correction, Aaron. -Mark]

Finally, BMW got my letter that the folding hardtop in its 4 Series convertible didn’t leave enough room for my tour bag and comically gigantic TaylorMade R15s, so they’re ditching the whole thing, German site Bimmertoday is reporting (via Road and Track and Automobile).

The convertible hard top can weigh roughly 500 pounds, Automobile reports. Cutting back to a soft top could shed some of that weight and spare space in the the trunk.

Last week, Lexus division general manager let slip that his company was thinking that it needed a paragon as the luxury division for Toyota.

“We need a flagship. It doesn’t have to be a sedan,” Jeff Bracken, Lexus division general manager, told Reuters.

What about the LS!? Is that chopped liver now? Oh, right.

“In addition to the LS (a large sedan), there could be another flagship in our lineup,” Bracken said. “We’ll define what it is in January.”

Sheesh.

Taking a page from the old Saturn playbook, Lexus will test no-haggle pricing at a dozen dealerships this year, according to the Detroit Free Press.

The pricing strategy will apply to new and used cars, and service and maintenance at the dealers.

According to Lexus general manager Jeff Bracken, no-haggle pricing could be initially difficult.

“The dealer has to be willing to let the customer walk away or word gets out and the model falls apart,” Bracken told the Detroit Free Press.

Audi just unveiled its newest super sedan, the S8, and said that the new all-aluminum car would get an 85 horsepower bump and would sprint from 0-60 in under four seconds.

The turbocharged 4-liter V-8, which can make 553 pound-feet of twist and is only about as deep as a case of beer, just became the eighth wonder of the known universe.

The latest creation as part of Rolls-Royce’s Bespoke Collections might as well have come from the Fox-body-loving garage of our own Sanjeev Sajeev Mehta. Showered in a svelte shade of heavy-metal brown, this Wraith ‘Inspired by Music’ model is just as inspired by the Brown Car Appreciation Society as it is Rock & Roll.

Audi, BMW and Daimler have joined forces to buy map-making company Here from phone-maker Nokia for an undisclosed amount, the automakers announced Monday.

The purchase of the company, which provides cloud-based maps and location services to more than 200 countries, could help the automakers develop further technology for autonomous cars that use the crowd-sourced maps instead of unreliable and outdated humans to steer.

Automotive News reported earlier this month the death of the Cadillac XTS — expected to happen when the new, range-topping CT6 arrived at dealers — has been stayed until 2018 or 2019 thanks to the livery market and sales in China, sourcing “three people familiar with General Motors’ plans.”

Sorry, Mike Colias, but you are about 3-and-a-half months too late and have the narrative all wrong.

Yesterday, we reported that in a sales call, Tesla Motors CEO Elon Musk announced a referral program that could, possibly, maybe net one free Model X for someone who referred 10 new buyers.

The qualifications for getting the free car: Refer 10 buyers by Oct. 31 and be the first in your “region” to do so.

Turns out “region” doesn’t mean what we think it does.

Lexus will take the turbocharged four cylinder from the NX 200t and plant it in its RC coupe, the automaker announced today.

The RC 200t, which will make 245 metric horsepower and 258 pound-feet of torque, has only been announced officially for sale in Europe — for now. It joins the RX 200t, NX 200t and IS 200t in the Lexus lineup as the fourth model to sport the engine on the Old Continent.

Parent-company Toyota has quickly adopted the turbo four as its preferred replacement for its aging V-6 in other cars, including the Camry.

There will be big things for Cadillac next year, but they may not come in small packages, Automotive News is speculating.

In their series of what could be coming up for automakers, writer Mark Colias details a few models to be expected for Cadillac in the coming year. There may be not be a subcompact crossover next year, but there could be refresh for the ATS, including a Vsport variant.

Next year for Cadillac could be marked by its more traditional entries with new names.

Tesla is yet again updating its Model S range with interesting options on each end of the price scale before the release of the Tesla Model X.

Elon Musk, in a blog post yesterday, announced a new single-motor version of the base model Model S 70 priced at $70,000 — or $52,500 after maximum incentives available in certain states — which is $5,000 less than the all-wheel drive Model S with the same 70 kWh battery pack.

On the other end of the spectrum is a $13,000 (!!!) upgrade to the P85D, pushing Tesla Motors’ top performer to a 0-60 mph time of 2.8 seconds.

Mercedes-AMG’s incredibly busy 2.0-liter turbocharged engine will be busier next year.

The performance division of Mercedes-Benz announced Tuesday (via AutoGuide) the 2016 CLA45 and GLA45 engines would get horsepower bumps from 355 hp to 375 hp.

That boosts the horsepower-per-liter output from the little Affalterbach mills to 187.5 hp/l.

A recent study by iSeeCars.com shows men prefer brighter, bolder car colors — orange, brown and yellow — compared to women, who preferred more neutral colors such as gold, silver and beige. The study analyzed more than 25 million used cars and 200,000 shoppers.

Orange was the big polarizer for 2014; men were 25 percent more likely to pick that color than women. Last year’s popular picks for men, red and black, fell out of the top three this year in favor of brown and yellow.

Women’s picks of gold, silver and beige may have more to do with the segment in which females traditionally shop. iSeeCars said men’s interest in muscle cars can help explain the palette preferences.

Dubbed the “ most famous Ferrari known to exist” by Mecum Auctions, the white “Miami Vice” Testarossa will hit the auction block August 13-15 in Monterey, California.

The amazingly entertaining history behind the car includes details about the Testarossa, which was repainted white, and its life after the hit ’80s show.

With just over 16,000 miles on the clock and a recent $8,000 engine-out service, a piece of American television history can be yours (probably for a lot of money).

Over the weekend, I spotted a completely camouflaged BMW ActiveTourer heading into the mountains of Colorado. At the same time half a world away, a TTAC reader on vacation in Germany spotted a completely camo’d 7 Series on the streets of Munich.

What gives, BMW? We’ve already seen these cars before.

Speaking at an unrelated Fiat 500 reveal last week, Fiat-Chrysler chief Sergio Marchionne said Ferrari is worth about $11 billion and he expects the prancing horse’s IPO to garner about $1.1 billion went it goes up for sale in October.

“There are clear expectations from ourselves as Ferrari brand is unique,” Marchionne said, according to Bloomberg News. “There is also a scarcity value as we are just selling a 10 percent stake.”

Marchionne’s estimate is roughly double what brokers said the Maranello-based manufacturer could be worth almost a year ago.

The National Automobile Dealers Association new electric vehicle retention list released last week has a tasty little tidbit in its roundup of value retention rates.

Tesla’s Model S, which topped the 3-year value retention rate list for EVs in the new list, also sported a better value rate for most cars on a similar list released last year for all segments, including mid-size luxury cars. That includes BMW.

But the news may not be all good, all the time.

After giving the Audi A6 and A7 a refresh last year, the Ingolstadt-based automaker has rolled out the red carpet for their latest A4 in sedan and Avant flavors.

The newest compact model promises to be lighter, more efficient, and chock full of technology as Audi tries to claim the premium segment crown.

Kinja blogger saw930 stumbled upon the new SRX-replacing XT5 in NYC’s trendy SoHo district. The next new model from GM’s premium brand looks to be wearing a copy-and-paste version of the CT6 front fascia design, complete with wreath-less crest sitting front and center.

After a brief hiatus in 2014, Lotus Cars USA is back in the game for 2015, including a move to the Detroit metro area.

Above is the China-market version of the 2016 Buick Verano, set to launch later this month following its debut in April at the 2015 Shanghai Auto Show.

Should you happen to be in Cheswick, Penn. next Sunday, you could be the new owner of a 2014 Hennessey Venom GT, or a Ferrari once owned by a Penguin.

Up until 2013, one could purchase a Mercedes G-Wagen with a droptop. Now, the automaker is thinking of dropping the tops throughout its SUV lineup.

Two years ago in Frankfurt, the Infiniti Q30 debuted before the world in concept form. Come this September, it will return with a production-ready look.

Tesla dropped a bombshell at a conference in Washington Monday, when Chief Technical Officer J.B. Straubel said the Model 3 would be two separate models.

Jaguar has revealed the refreshed XJ for 2016 equipped with a new InControl Touch Pro touch-screen infotainment system. It also has a slightly revised front fascia.

Whereas the Teutonic Trinity of Audi, BMW and Mercedes go for complexity in their offerings, Volvo aims to attract luxury consumers through simplicity.

The 2016 Lincoln MKS will be the last of its kind, as the brand will cease production when the calendar rolls over.

X may finally give it to consumers: The Tesla Model X is set to hit showrooms within three to four months, per CEO Elon Musk.

Should rumors of BMW’s latest plans be true, there will soon be another electric SUV rival to the Tesla Model X on the market.

The image might be grainy making it difficult to see the details with clarity, this is the sixth-generation BMW 7-Series. Autocar was able to snap a screenshot of the new full-size luxury sedan as it popped up on one of BMW’s online configurators.

Bentley design boss Luc Donckerwolke parted ways with the automaker Thursday, with VW Group interior designer boss Stefan Sielaff taking the helm.

Coming to showrooms this fall, the 2016 BMW X1 aims to build upon the success of the outgoing first-gen crossover.

Next week, the 2016 BMW 7 Series will make its debut. For now, however, fans will need to make do with a teaser.

In the market for a new Buick Regal or Verano? The brand introduced a new pair of base models aimed at the entry-level luxury market for consideration.

It’s official: Lamborghini is entering the high-end luxury SUV game with a model set to hit showrooms by 2018.

Though the 2016 Nissan Maxima will make its showroom debut June 2, there was a time when the Maxima was slated to meet the guillotine.

Audi is set to launch a new flagship SUV in 2019, as well as an EV crossover in 2018, both part of the automaker’s 2020 model expansion plan.

Fifty-four years ago, German automaker Borgward’s sun set. With former Daimler exec Ulrich Walker at the helm of the revival, its sun may yet rise again.

Prior to becoming Borgward’s CEO, Walker was in charge of Daimler’s China operations for the Mercedes-Benz brand, USA Today reports, as well as CEO of smart between 2004 and 2006.

Those dealing in luxury vehicles and high-performance exotics may need to improve their relations with women soon, as more women seek such wares.

X is giving it to us again: BMW has green-lit production of the X2 crossover, slotted between the upcoming second-gen X1 and current X3.

The thrill has gone for Consumer Reports‘ review team over the Tesla Model S, declaring the P85D “undrivable” in a new blog post.

In part due to its Chevrolet roots, the Cadillac ELR is now selling for up to 35 percent less than its original $76,000 price tag.

As BMW AG’s newest CEO, Harald Krüger’s main challenge is to helm the company in the shadow of newly appointed chairman and former CEO, Norbert Reithofer.

Could there be a Porsche 911 PHEV on the showroom floor in the future? The decision to build and market one could be made sometime this year.

The elusive unicorn known as the Tesla Model 3 is set to hit showrooms in H2 2017, but will make its world debut much sooner.