tesla completes billion stock and bond sale

Tesla Completes $2.35 Billion Stock and Bond Sale

Business

Tesla Inc. has completed a $2.35 billion stock and bond sale, giving the company a much-needed boost of liquidity as it continues its quest to become the first mass producer of electric cars.

Meeting solid demand from investors, Tesla was able to increase the size of its convertible bond offering by $250 million to $1.6 billion. It also raised roughly $750 million from its sale of nearly 3.1 million common shares at $243 a share—around $100 million more than originally anticipated, not including expenses related to the sale….

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