Daily Archives: March 20, 2017

Tesla model s at factory

Tesla production ramp

Last week Tesla released plans to raise an additional $1.15 billion from a stock and notes sale. CEO Elon Musk plans to purchase 96,900 shares of common stock, which is worth approximately $25 million at the public offering price. The company says the cash infusion will be used in part to “ strengthen its balance sheet and further…

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