Tesla Seeks $1.5 Billion to Fund Model 3 Production
from Welding Source
Tesla Inc said recently it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. The move to issue junk bonds – lower-quality investments that offer higher yields – represents a bet by Tesla Chief Executive Elon Musk that bond investors will be as hungry as stock investors to back the company on expectations that its Model 3 will be a hit.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063