Tesla Stock Up on News of $1.1 Billion Cash and Debt Raise

By [email protected] Tesla, to the surprise of no one, just raised $1.15 billion in debt and equity to finance the build-out of its Model 3 production and battery factory.

In a release yesterday, the electric-vehicle and battery manufacturer announced “offerings of $250 million of common stock and $750 million aggregate principal amount of convertible senior notes due in 2022 in concurrent underwritten registered public offerings.” Additionally, Elon Musk, Tesla’s CEO, will buy $25 million of common stock.

If anything, this amount was less than expected, and will likely mean that an additional equity raise will be necessary later on. Barclays had said that a

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