Tesla, Inc. Has Reportedly Sold Over a Third of Its Bond Offering
Tesla (NASDAQ: TSLA) CEO Elon Musk has been busy this week, hosting an investor event in Manhattan on Monday in connection with the electric-car marker's $1.5 billion bond offering. With his characteristic showmanship, Musk brought a blue Model 3 along to the event in order to help sell the offering to bond investors. It looks like it's working.
Bloomberg reports that Tesla has now secured approximately $600 million worth of orders from investors, representing more than a third of the total proposed size, citing anonymous sources. Coupon rates have not yet been determined officially, but are expected to be "no more than 5 percent," according to the report.
Model 3. Image source: Tesla.
Source: Fool.com
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