Tesla announces $1bn stock offering to scale up ahead of Model 3 production

Michael Holder
clock • 2 min read

EV giant's CEO Elon Musk says he plans to purchase $25m of common stock as company readies launch of flagship electric vehicle

Tesla has announced plans for another public stock offering in which it hopes to raise about £1.15bn to strengthen its balance sheet as it ramps up production of its Model 3 electric car. A stock sale...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Environmental Improvement Plan: Defra pledges £500m for landscape recovery in revised plan

Study: Second hand EVs will still be far cheaper than petrol cars after new 'pay-per-mile' tax

More on Automotive

BMW sets new 2035 target to slash emissions by at least 60 million tonnes
Automotive

BMW sets new 2035 target to slash emissions by at least 60 million tonnes

New target represents an addition 20 million tonnes of CO2 emissions savings on top of previous 2030 goal

Amber Rolt
clock 05 December 2025 • 2 min read
EVs secure over a quarter of November's new car market
Automotive

EVs secure over a quarter of November's new car market

EV market share of more than 26 per cent represents second strongest monthly performance of the year

James Murray
James Murray
clock 04 December 2025 • 4 min read
'Double standards': Media accused of routinely mispresenting pace of EV roll out
Automotive

'Double standards': Media accused of routinely mispresenting pace of EV roll out

More than 40 UK national media articles have incorrectly reported companies are missing their Zero Emission Vehicle Mandate targets, according to ECIU

Stuart Stone
Stuart Stone
clock 03 December 2025 • 5 min read