Tesla to raise net $1.4-$1.7B in stock offering to ramp up Model 3 production

Green Car Congress
By mmillikinMay 18, 2016, 4:43 pm235 pts
Telsa plans to raise approximately a net $1.4 billion in a common stock offering, after deducting underwriting discounts and commissions and estimated offering expenses. The company said it intends to use the proceeds to accelerate the production ramp of Model 3. The net may increase to $1.7 billion if the…

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