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Here's what you need to know about Tesla's plan to raise $1.5 billion (TSLA) Asa Mathat | D: All Things Digital Following comments from management last week,Teslaannouncedthis morning that it intends to raise $1.5 billion in debt. CEO Elon Musk acknowledged on the earnings call that the company may look to raise capital but wasnot considering an equity raise. Instead, Tesla would look to tap debt markets for its capital needs, avoiding further dilution of existing shareholders. Here's what investors need to know. Proceeds will help fund the production ramp The notes will...
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