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Wednesday, 05/18/2016 4:34:36 PM

Wednesday, May 18, 2016 4:34:36 PM

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Tesla Motors plans to raise $2 bln for Model 3

May 18 (Reuters) - Tesla Motors Inc <TSLA.O> said it expected to raise about $2 billion through a stock offering to "accelerate the ramp" of its first mass-market car, the Model 3.
Tesla said it would offer about $1.4 billion of shares with the remaining to be sold by Chief Executive Elon Musk.

Jim Profit


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