After receiving more than 350,000 pre-orders for its Model 3 sedan, Tesla Motors is planning to boost its annual production capacity to 500,000 vehicles by 2018. This is 10 times higher than the 50,000 cars Tesla delivered in 2015. To raise funds for this huge capacity expansion, the company plans to sell about $1.4 billion in stock, which would dilute the return of existing shareholders to some extent.
After receiving more than 350,000 pre-orders for its Model 3 sedan, Tesla Motors is planning to boost its annual production capacity to 500,000 vehicles by 2018. This is 10 times higher than the 50,000 cars Tesla delivered in 2015. To raise funds for this huge capacity expansion, the company plans to sell about $1.4 billion in stock, which would dilute the return of existing shareholders to some extent.
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