Tesla is seeking to raise as much as $2.3 billion through a bond sale and stock offering amid cash concerns, prompting a premarket rise in shares
Tesla Inc. is looking to raise as much as $2.3 billion through a bond sale and public offering of its shares, after a worse-than-expected quarter heightened concerns about the company’s cash on hand.
Tesla said in a securities filing that it expects to bring in about $642.3 million in net proceeds from a public offering of about 2.7 million of its shares, and that Chief Executive Elon Musk is interested in buying about $10 million worth of those shares. Tesla also said it is offering $1.35 billion in convertible senior notes...
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