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From Electrek: Tesla (TSLA) closes its capital raise with slightly more proceeds than...

Discussion in 'News from Electrek.co' started by RSSFeed, Mar 17, 2017.

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    Tesla (TSLA) closes its capital raise with slightly more proceeds than expected: $1.2 billion

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    Tesla confirmed today in a SEC filing that it closed its capital raise announced earlier this week. The underwriters increased the amount of equity and convertible notes to $1.2 billion. As reported last week, Tesla says that the proceeds from the offerings will help the company “strengthen its balance sheet and further reduce any risks associated with the rapid scaling of its business due to the launch of Model 3, as well as for general corporate purposes.” more…

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