Tesla to raise up to $1.15B to launch Model 3

Posted online March 16, 2017 | 11:38 am

Tesla announced yesterday plans to raise up to $1.15 billion via stock and debt offerings.

The move will help the company finance its widely anticipated Model 3 sedan launch.

The announcement sent Tesla’s existing shares sharply higher in after-hours trading to $261.40.

Read more from the Los Angeles Times.

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