Tesla seeks to raise US$2.3 bil. after concerns it's running out of money
Arirang News
2019-05-03
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'적자행진' 테슬라 "2조3천억대 신규자금 조달 계획"
A week after posting a huge first quarter loss, Tesla is trying to raise funds in a sock offering worth billions.
In two separate offerings, it's selling 659 million U.S. dollars of common stock and 1-point-three-five billion dollars in convertible senior notes due in 2024.
The company is seeking to raise 2-point-3 billion dollars and CEO Elon Musk will participate by personally buying 10 million dollars' worth of stock.
Last week, Tesla said it had posted losses of 702 million dollars in the first three months of the year and had sold 31 percent fewer vehicles in the first quarter than in the fourth quarter of 2018.
Tesla's share price has fallen close to 30 percent over the last six months as investors have grown concerned about the company's future.
A week after posting a huge first quarter loss, Tesla is trying to raise funds in a sock offering worth billions.
In two separate offerings, it's selling 659 million U.S. dollars of common stock and 1-point-three-five billion dollars in convertible senior notes due in 2024.
The company is seeking to raise 2-point-3 billion dollars and CEO Elon Musk will participate by personally buying 10 million dollars' worth of stock.
Last week, Tesla said it had posted losses of 702 million dollars in the first three months of the year and had sold 31 percent fewer vehicles in the first quarter than in the fourth quarter of 2018.
Tesla's share price has fallen close to 30 percent over the last six months as investors have grown concerned about the company's future.
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