Tesla raises $1.7bn in stock sale to bankroll Model 3 production

Madeleine Cuff
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Tesla raises $1.7bn in stock sale to bankroll Model 3 production

Electric carmaker will use the cash generated from the sale of 6.8 million shares to ramp up Model 3 production to 500,000 vehicles per year by 2018

Tesla has revealed the scale of its electric vehicle ambitions after raising an extra $1.7bn in a stock sale last week to bolster its production capabilities, following breakneck pre-order sales of its...

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