Tesla proposes $1.5bn bond issue to fund Model 3 drive

BusinessGreen staff
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Credit: Tesla
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Credit: Tesla

Electric vehicle giant plans first ever junk bond issue as it looks to pull in additional cash to support Model 3 roll out

Tesla yesterday announced plans to offer $1.5bn of senior notes as it seeks to strengthen its balance sheet during the scaling up of its Model 3 electric car. The company said interest rates, redemption...

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