Tesla to Raise $1.5 Billion in Debt: What You Need to Know
Following comments from management last week, Tesla (NASDAQ: TSLA) announced this morning that it intends to raise $1.5 billion in debt. CEO Elon Musk acknowledged on the earnings call that the company may look to raise capital, but was not considering an equity raise. Instead, Tesla would look to tap debt markets for its capital needs, avoiding further dilution of existing shareholders.
Here's what investors need to know.
The first production Model 3. Image source: Tesla.
Source: Fool.com
Tesla Inc Stock
€226.05
-3.910%
Our community is currently high on Tesla Inc with 92 Buy predictions and 53 Sell predictions.
With a target price of 250 € there is a slightly positive potential of 10.6% for Tesla Inc compared to the current price of 226.05 €.
