Tesla boosts capital raise to $2.7 billion

Published May 3, 2019 6 Views

Rumble According to Reueters, Tesla on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker. The company said in a filing that it had increased its offer to 3.1 million shares, from an initially planned 2.7 million. Tesla’s launch of a capital raise was greeted with relief by Wall Street on Thursday after a tumultuous year, which cast doubt on the company's ability to produce, sell and deliver enough cars to make a sustainable profit.