Tesla to Raise $1 Billion Ahead of Model 3 Launch
March 16, 2017
Tesla has announced it plans to raise more than $1 billion ahead of the launch of its Model 3 vehicle after coming “very close to the edge” financially. The electric car maker will offer investors $250 million of common stock and $750 million in convertible senior notes, which Tesla hopes will raise net proceeds of $1.15…
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