Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.