Tesla is raiding $2 billion, with $1.35 billion coming from convertible notes and $650 million from new equity. Elon Musk is adding another $10 million in stock to his $12 billion in Tesla ownership.
SOURCES- CNBC
Written By Brian Wang
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“Tesla is raiding $2 billion” freudian slip in the first line title is “Tesla Raising $2 Billion”
Generally Tesla equity rises are rewarded as a good thing by the seasoned veterans. In each Tesla cash raise it benefited from a share rise.
In fact given the good credit environment it is thought irresponsible for Elon not to raise a safety buffer while the times are reasonably gentle.
Glad he came around to that viewpoint.
Tesla is 5% up; take that Musk haters.