Tesla is taking out $1.5 billion in debt to fuel its dreams of massive growth
The next part of Tesla's future will be fueled by debt.
Elon Musk's automaker is issuing $1.5 billion in debt to fund its plans. That means that instead of raising funding from investors, the company will offer $1.5 billion of debt a a form of capital.
It's a new move for Tesla, which has always sold off pieces of the company to fund its operations.
Tesla will use this $1.5 billion to strengthen its balance sheet as the company prepares to bring the Model 3 to market, it said in a press release.
Musk suggested this plan could be in the works during a recent earnings call, as pointed out by Business Insider. Read more...
More about Tech, Tesla, Elon Musk, Model 3, and Business
COntributer : Mashable http://ift.tt/2vmR5zI
Tesla is taking out $1.5 billion in debt to fuel its dreams of massive growth
![Tesla is taking out $1.5 billion in debt to fuel its dreams of massive growth]()
Reviewed by mimisabreena
on
Thursday, August 10, 2017
Rating:
No comments:
Post a Comment