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Tesla raises $1.2 billion in stock and debt for Model 3 production Tesla raises $1.2 billion in stock and debt for Model 3 production
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Tesla raises $1.2 billion in stock and debt for Model 3 production
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Old 31st March 2017, 10:04   #1
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Default Tesla raises $1.2 billion in stock and debt for Model 3 production

Federal tax rebates in some states will bring prices even lower

Tesla has announced that it is raising $1.2 billion to fuel its coming Model 3, an all-electric, entry-level sedan that is set to enter mass production later in July.

The company said in SEC filings last Friday that it raised about $350 million via stock sales and brought in an additional $850 million in convertible debt. In addition, the company said that stock offerings include $250 million of common stock and $750 million in convertible senior notes due in five years – in concurrent underwritten registered public offerings.
http://fudzilla.com/news/43230-tesla...l-3-production
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