Tesla Dumps $2 Billion Of Stock To Finance Model 3, Pay Down Elon Musk’s Loan Debt

Tesla Motors will sell $2 billion worth of stock so it can finance the production of its supposedly inexpensive Model 3 electric vehicle and cover tax obligations for the options exercised by the company’s CEO, Elon Musk. The California-based automaker will cough up $1.4 billion in common stock to cover the expenses associated with the production…