Tesla returns to the financial markets

You may remember that for almost a year, Tesla towed the line without having to raise capital.

Well, things have changed.

A few minutes ago, the $ 40 billion electric car manufacturer filed a prospectus with the Securities and Exchange Commission outlining its intention to raise just under $ 2 billion – $ 642 million after deduction of fees, equity and the rest via a convertible bond, maturing 2024. If the underwriters exercise their option to buy additional amounts of securities, this total could reach $ 2.3 billion.

You can read the full text here.

CEO Elon Musk said he could put $ 10 million of his own money into the offer.

It seems difficult to get rid of the goodness of strangers.

At the pixel, Tesla shares rose 3% in pre-market, reaching $ 241.

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