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
Tesla Inc Stock
€195.16
6.640%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 26 Sell predictions.
As a result the target price of 246 € shows a positive potential of 26.05% compared to the current price of 195.16 € for Tesla Inc.
