Tesla plans $2B stock offering to finance Model 3 launch

Posted online May 19, 2016 | 11:41 am

Tesla Motors Inc. plans to offer $2 billion of stock to finance an accelerated launch of its new Model 3 electric sedan.

The company is pulling ahead by two years production of the Model 3, which drew 400,000 early reservations after Tesla CEO Elon Musk unveiled the car on March 31.

The car is smaller and less expensive than Tesla's other models.

Read more from Reuters.

Comments

No comments on this story |

Please log in to add your comment

Republic School District opens activities center

Editors' Pick

Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read