That's Tesla speak. They don't have easy access capital, they will need to pay higher than market price for capital.

Yes the market is full of people with money ready to lend out, but Tesla is a high risk company vs say just about every one else. I don't mind lending say Apple or GM money at a reasonable return, but if I were to lend Tesla, the interest rate will be a lot higher and collateral will be a lot more too. 

And yes the EV market is expanding, and trying to eat into a bit of ICE engine market share, but Model Y will eat into Model 3 sales in a much bigger chunk than the market is expanding. Especially when the Model Y comes out everyone else will already have their own EV competing in the EV segment. 

They 'might' build 400,000 cars, not they will, there is a big difference. That's assuming the demand for Model S, Model S AND their hopeful demand of the Model 3 is still there. Which it will not, as some of the deposit holders will wait for the Model 3 instead while others asked for refunds and perhaps jumped ship already.

Entities most interested in the Model Y will car sharing companies, as you said, lower running cost and no fuel cost and whatever else. Their clients are the people that had no interest in buying a car, EV or ICE, in the first place, so no one actually lost market share to EV. But the Smart car and Mercedes CLA would be most affected though, as car sharing companies mostly used those as their rentals before.

 


--