Tesla to raise over $1 billion to help offset risk for Model 3 production

 Tesla is looking to raise a total of around $1.15 billion from stock and convertible senior notes as a way to help “further reduce any risks” that it’ll incur as it scales its business to handle its aggressive Model 3 production schedule, the company said on Wednesday. Tesla’s decision to pad out its balance sheet with more capital was anticipated by many analysts, and… Read More


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