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Tesla Bumps Funding Round to $2.7 Billion
Tesla Inc. says last week’s oversubscribed stock and convertible notes offering has closed at $2.7 billion.
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Tesla Inc. says last week’s oversubscribed stock and convertible notes offering has closed at $2.7 billion.
The company originally aimed to raise about $2 billion. The initial sale came to $2.4 billion, then rose by another $300 million when underwriters exercised options to buy more.
The final sale consisted of $860 million in shares and $1.84 billion in debt, according to Tesla.
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