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From Electrek: Tesla (TSLA) increases its credit line by up to $800 million just ahead of...

Discussion in 'News from Electrek.co' started by RSSFeed, Jun 23, 2017.

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    Tesla (TSLA) increases its credit line by up to $800 million just ahead of Model 3 launch

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    After market close today, Tesla announced that it increased its asset-backed line by $625 million with an option to obtain up to $175 million of additional incremental commitments.

    The move comes has Tesla’s cash needs are increasing ahead of the several expansions needed to launch Model 3 production and support its growing fleet. more…

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