By Jon LeSage Tesla CEO Elon Musk is coming through on his pledge to raise $1.5 billion for ramping up production of the Model 3.
He was able to raise $600 million in just a few hours meeting with bond buyers in Manhattan on Monday, according to investors briefed on the matter.
It was part of a four-day road trip Tesla is taking to bring in high-yield junk-rated bonds needed to build 500,000 new vehicles next year.
Sources said Tesla might end up paying no more than 5 percent on the bonds. It may not be the best investment that bond fund managers have seen, but
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