18 Mar '17, 8pm

Tesla raises $1.2 billion to build its Model 3; ending Model S 60 production

Tesla Inc. raised about $1.2 billion on Friday, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 electric sedan. The bulk of Friday’s offering, or $850 million, came from convertible senior notes due 2022, with $350 million raised from the sale of 1.3 million common shares at $262 apiece. That was higher than the $250 million in stock and $750 million in notes the company said it expected to sell. Tesla had been expected to raise capital since late last year, with the expectations gaining steam last month after Musk said the company could be “close to the edge” on cash needs. Tesla said Musk, already the company’s top shareholder with a stake of about 21 percent as of December, bought 95,420 common shares for $25 million in the latest stock sale. The 1.3 million shares sold represents abo...

Full article: http://electriccarsreport.com/2017/03/tesla-raises-1-2-bi...

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Tesla Raises $1.2 Billion To Prep For Model 3 Launch

Tesla Raises $1.2 Billion To Prep For Model 3 L...

hybridcars.com 18 Mar '17, 2pm

Tesla has been able to raise more funds than originally expected to back the launch of the Model 3 later this year. The el...

Tesla Model S 60 and 60D Will Be Discontinued In One Month

Tesla Model S 60 and 60D Will Be Discontinued I...

gas2.org 17 Mar '17, 10pm

Tesla has quietly been streamlining the options available on the Model S recently. In January, the company discontinued ve...

Tesla Model S lineup slims down as 60, 60D vers...

greencarreports.com 19 Mar '17, 12pm

Stephen Edelstein Mar 19, 2017 2017 Tesla Model S Enlarge Photo The ever-shifting Tesla Model S lineup has gone through an...

Tesla raises US$1.2 billion, tapping market again for funding

Tesla raises US$1.2 billion, tapping market aga...

channelnewsasia.com 18 Mar '17, 1am

SAN FRANCISCO: Tesla Inc's US$1.2 billion share and convertible debt offering on Friday demonstrates once again the unflag...

Tesla Model 3 Will Skip Beta Phase, Go Directly...

gas2.org 18 Mar '17, 10pm

That off hand remarks reveals several things about the upcoming Model 3. First, early release cars are built on the actual...

Tesla’s Expansion Plans: New Model Y EV With Longer Range https://t.co/1CSjNUMQhy

Tesla’s Expansion Plans: New Model Y EV With Lo...

greenoptimistic.com 19 Mar '17, 3pm

After 13 years Tesla Motors Inc is no more. Don’t worry, it’s just a name change, Elon Musk has decided to call the firm T...

Tesla Drops Cheapest Model S to Pave the Way fo...

hybridcars.com 20 Mar '17, 1pm

Buyers have until April 16 to order Tesla’s Model S 60, after which its cheapest model will be the S 75 and the barrier to...

Lucid Air priced slightly below Tesla Model S a...

greencarreports.com 16 Mar '17, 12pm

Stephen Edelstein Mar 16, 2017 Lucid Air Enlarge Photo The Lucid Air electric car will be available in a base model with l...

Northvolt Will Build A $4 Billion Battery Manufacturing Facility In Scandinavia

Northvolt Will Build A $4 Billion Battery Manuf...

cleantechnica.com 18 Mar '17, 7pm

Northvolt is focusing on building its battery plant in Sweden but has also shown interest in Finland because of that count...

Chevy Bolt EV tested by Tesla Model S owner: hi...

greencarreports.com 16 Mar '17, 2pm

2017 Chevrolet Bolt EV, road test, California coastline, Sep 2016 Enlarge Photo Better than a Model 3? With its $35,000-is...

"Tesla Model Y electric SUV coming 2018 – report" https://t.co/AfojmCrhZh

"Tesla Model Y electric SUV coming 2018 – repor...

paultan.org 14 Mar '17, 10am

Tesla is set to expand its electric vehicle lineup with a new compact SUV, slotting below the Model X . Set to be called t...

Tesla Model 3 Slated for Second Half of 2017 as...

pluginamerica.org 22 Mar '17, 7pm

Free is relative. My 75 year old neighbor drives hardly 3,000 miles a year. Would she have to pay for not buying enough ga...

Tesla Stock Up on News of $1.1 Billion Cash and...

greentechmedia.com 16 Mar '17, 6pm

Tesla , to the surprise of no one, just raised $1.15 billion in debt and equity to finance the build-out of its Model 3 pr...