Tesla is raising cash.
The electric-car maker on Thursday revealed plans to sell a combination of stock and debt to raise about $US2 billion of cash.
Tesla plans to sell 2.72 million shares and $US1.35 billion worth of notes, the automaker said in a filing out Thursday morning. Shares ended Wednesday’s session at a more than two-year low of $US234.01 apiece, meaning the sale of 2.72 million shares would generate about $US653,000. Combined with the debt offering, the company would raise about $US2 billion.
Thursday’s announcement comes about two weeks after Tesla announced a wider-than-expected first quarter loss.
This story is developing. Check back for updates.
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