Tesla raised $1.2 billion via share and convertible debt sale

 Tesla has raised $1.2 billion in new cash from sale of common shares, and convertible notes that come due in 2022. The total amount includes $350 mtillion in share sales, plus $850 million raised via the senior notes, which is a bit north of what it announced on Wednesday it was planning to raise. The capital raise comes after Tesla CEO Elon Musk said on an earnings call that while it… Read More

from TechCrunch http://ift.tt/2mQy2YF