Tesla raises $1.2 billion in new capital: good news or bad?
By Charles Morris As expected, Tesla recently raised about $1.2 billion in fresh capital by selling stock and issuing new debt. The company sold stock at $262 per share, bringing in about $350 million, and issued convertible notes worth another $850 million, according to a document filed with the SEC.
CEO Elon Musk personally bought $25 million in TSLA shares, presumably to reassure fickle financiers on Wall Street about his faith in the company (Tesla true believers need no …read more
Via:: https://chargedevs.com/newswire/tesla-raises-1-2-billion-in-new-capital-good-news-or-bad/