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Tesla+set+to+raise+%241.8bn+in+bond+offering
Monday, 14 August 2017 - 9:09
Tesla set to raise $1.8bn in bond offering
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Tesla expects to raise nearly 1.8 billion dollars, by selling "junk" bonds to private investors - even more than the electric car-maker aimed for when it announced the offering this month.

 

The firm said the money will keep its balance sheet steady as it ramps up manufacturing of its newest car.

 

Tesla aims to make 5,000 of its mass market Model 3 a week by the end of this year.

 

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