Tesla to offer up to US$1.7b in new stock to fund Model 3
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Detroit
TESLA Motors Inc will offer up to US$1.7 billion of new common stock to finance the accelerated launch of its new Model 3 electric sedan, the electric luxury carmaker said on Wednesday.
Tesla shares fell 2.2 per cent following the announcement, which came after the market closed. They were US$206.59 in after market trading, well below the US$242 a share price at which the company last issued new shares in August 2015.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
