Tesla to Raise $1.5 Billion in Debt: What You Need to Know

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.

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Source: Fool.com