Tesla seeks $1.5 billion junk bonds issue to fund Model 3 production

August 7, 2017 by  
Filed under News

DETROIT (Reuters) – Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever high-yield junk bond offering, as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan.

Source: Reuters Business News

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