Just want to note the end goal of public/private asset-backed securitization is pretty standard for every other auto manufacturer. I think most have 'auto loan' subsidiaries so this is really nothing new, other than Tesla setting up the same way. I don't think it's significant in any meaningful way for the short term but it is another item checked off the list to hit the ground running when Gen 3 is ready.
I think that significance for the short term is Tesla finding a much better use for potentially up to $2B+ in just raised cash then just to collect interest.