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Tesla raises nearly $1.5 billion in capital

Tesla raises nearly $1.5 billion in fresh capital

  • Tesla seeks to finance a plan to expand production of its electric vehicles to 500,000 a year by 2018.
  • Tesla’s stock ended up 1.9% at $215.21 on Thursday, despite the announced plan to sell more stock at a price below previous share sale levels.
  • As of March 31, Tesla had $1.44 billion in cash and cash equivalents.Â

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@businessinsider: “Tesla raises nearly $1.5 billion in fresh capital”


It comes from the sale of its 6.8 million new common stock offering.


Tesla raises nearly $1.5 billion in capital

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