Tesla Dumps $2 Billion Of Stock To Finance...

May 19, 2016

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…

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