Tesla is seeking to raise as much as $2.3 billion through a bond sale and stock offering amid cash concerns. Its shares jumped 4.3% in response on Thursday.
Tesla Inc. is looking to raise as much as $2.3 billion through a bond and stock sale after the electric-car maker reported a steep quarterly loss last week that heightened concerns about its dwindling reserves of cash.
Tesla shares, which have been under pressure, rose Thursday as investors said they welcomed the fresh injection of capital. Fidelity Investments, T. Rowe Price Group Inc. and other fund managers have sold millions of shares in 2019 amid concerns about the firm’sfinances and performance.
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