Tesla, Inc. Bonds See Overwhelming Demand

Tesla continues to have no trouble raising money to help fund its capital-intensive expansion for Model 3 production ramp-up. Despite receiving a junk rating from Moody's, Tesla's (NASDAQ: TSLA) bond offering last week was oversubscribed.

Tesla announced on Friday that its proposed $1.5 billion senior note offering ended up generating $1.8 billion in aggregate principal notes, or 20% more than Tesla was initially looking for.

Tesla vehicle production. Image source: Author.

Source: Fool.com