Tesla to raise money after painful 1Q, and Musk is buying in

Tesla to raise money after painful 1Q, and Musk is buying in

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/b883ea786f69418a815f4cf5202d2b5d

PALO ALTO, Calif. (AP) — A week after posting a huge first quarter loss and saying the company needs to raise cash, Tesla is doing just that and CEO Elon Musk will buy $10 million worth of stock in an $1.5 billion offering of shares and convertible notes.

Tesla said Thursday that it's offering $650 million of common stock and $1.35 billion in convertible senior notes due in 2024 in two separate offerings.

Tesla to raise money after painful 1Q, and Musk is buying in

May 2, 2019, 1:38pm UTC
https://apnews.com/b883ea786f69418a815f4cf5202d2b5d > PALO ALTO, Calif. (AP) — A week after posting a huge first quarter loss and saying the company needs to raise cash, Tesla is doing just that and CEO Elon Musk will buy $10 million worth of stock in an $1.5 billion offering of shares and convertible notes. > Tesla said Thursday that it's offering $650 million of common stock and $1.35 billion in convertible senior notes due in 2024 in two separate offerings.