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31st March 2017, 10:04 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,055
| 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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