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Tesla seeks U$1.15b to help fuel Model 3 launch
Published Thu, Mar 16, 2017 · 09:50 PM
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San Francisco
TESLA on Wednesday announced plans to raise US$1.15 billion in new funding to help fuel production of a mass market-targeted Model 3 electric car set for release this year.
Tesla said that it planned to offer US$250 million in common stock and US$750 million in convertible notes, with underwriters being given the option to buy an additional 15 per cent of each offering.
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