tesla looks to raise billion through a bond and stock sale

Tesla Looks to Raise $2.3 Billion Through a Bond and Stock Sale

Business

Tesla Inc. is looking to raise as much as $2.3 billion through a bond and stock sale after the electric-car maker reported a steep quarterly loss last week that heightened concerns about its dwindling reserves of cash.

Chief Executive Elon Musk had long insisted Tesla didn’t need to seek new financing as the Silicon Valley company wrestled with manufacturing and logistic challenges in bringing its mass-market Model 3 sedan to customers.

…#business

Please follow and like us:
error