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

BusinessGreen staff
clock • 2 min read

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...

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

More on Investment

Pension schemes 'pulling ahead' of sponsors on ESG progress, LawDeb says

Pension schemes 'pulling ahead' of sponsors on ESG progress, LawDeb says

Research finds finance leaders believe pension schemes are taking a lead on environmental targets and social impact

Holly Roach, Professional Pensions
clock 07 May 2025 • 2 min read
HSBC shareholders urge bank to reaffirm net zero commitment

HSBC shareholders urge bank to reaffirm net zero commitment

Investors managing £1.2tr in assets sign statement to be read at HSBC’s AGM today warning that weakening its climate policies would put it 'out of step' with other European financial firms

Michael Holder
clock 02 May 2025 • 5 min read
FSC and Mirova team up to channel funds into 'critical line of defence against climate change'

FSC and Mirova team up to channel funds into 'critical line of defence against climate change'

Forest Stewardship Council and B Corp asset manager announce new partnership to better align investments with responsible forest management

Stuart Stone
clock 29 April 2025 • 2 min read