Tesla raises $1.2 billion

Tesla Inc announced that it raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan.

The company, led by Elon Musk, said it sold 1.3 million common shares at $262 apiece to raise $350 million and that it raised another $850 million though the sale of convertible senior notes due 2022. 

The electric car company said on Wednesday it planned to sell $250 million worth of stock and $750 million in notes, as Reuters reports. Κάνοντας Like στο Facebook ενημερώνεστε άμεσα για τα νέα άρθρα -->