LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Automobile News

Tesla announces $1.5 bn bonds issue to fund Model 3

Shares of Tesla have risen 67% this year and ticked down 0.49% to close at $355.17 on Monday after the announcement, Xinhua reported. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Tesla announces $1.5 bn bonds issue to fund Model 3
Tesla electric cars. Photo: Official Website
Written By: IANS
Updated: Tue, Aug 08, 2017
08:08 am
New York, IANS
RELATED NEWS
Elon Musk reclaims position as world's richest man Elon Musk reclaims position as world's richest man
This is the success formula of Tesla and SpaceX CEO Elon Musk This is the success formula of Tesla and SpaceX CEO Elon Musk
A Tesla for a bitcoin: Elon Musk drives up cryptocurrency price with $1.5 billion purchase A Tesla for a bitcoin: Elon Musk drives up cryptocurrency price with $1.5 billion purchase
Tesla to recall 134,951 U.S. vehicles under pressure from auto safety regulators Tesla to recall 134,951 U.S. vehicles under pressure from auto safety regulators

Tesla announced on Monday that it intends to raise about $1.5 billion in a bond offering, as the US luxury electric automaker seeks to fund the production of its new Model 3 sedan.

Shares of Tesla have risen 67% this year and ticked down 0.49% to close at $355.17 on Monday after the announcement, Xinhua reported. 

The debt offering marks Tesla`s debut in the junk bond market.

Moody`s is rating the bond B3 with a stable outlook and Standard & Poor`s assigned a "B-" rating for the bond issue. 

Tesla said in a press release that it intends to use the net proceeds from this offering to further strengthen its balance sheet during this period of rapid scaling with the launch of Model 3, and for general corporate purposes.

While Tesla has received more than 1,800 reservations per day for the Model 3 since its launch in late July, Tesla CEO Elon Musk confirmed that he`s working on "something special" for early reservation holders.

Tesla Model 3 is a major step for the California-based company, and priced around $35,000 each. It "achieves 215 miles (346 km) of range per charge" and is "designed to attain the highest safety ratings in every category."

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
TeslaTesla electric carstesla Model 3 sedanModel 3 sedan first lookModel 3 sedan priceTesla to fund Model 3Bond marketAutomobileTesla share priceMarkets
RELATED NEWS
Elon Musk reclaims position as world's richest man Elon Musk reclaims position as world's richest man
This is the success formula of Tesla and SpaceX CEO Elon Musk This is the success formula of Tesla and SpaceX CEO Elon Musk
A Tesla for a bitcoin: Elon Musk drives up cryptocurrency price with $1.5 billion purchase A Tesla for a bitcoin: Elon Musk drives up cryptocurrency price with $1.5 billion purchase
Tesla to recall 134,951 U.S. vehicles under pressure from auto safety regulators Tesla to recall 134,951 U.S. vehicles under pressure from auto safety regulators
Bitcoin, Tesla and US technology stocks were the two assets deep in the bubble territory indicated by Deutsche Bank Bitcoin, Tesla and US technology stocks were the two assets deep in the bubble territory indicated by Deutsche Bank

LATEST NEWS

India's Forex reserves: MASSIVE surge in gold reserves; despite Covid 19 'peak', overall fund up by $4.34 billion this quarter

Glenmark Pharma share price: Expert says HUGE value unlocking; reveals two BUY targets

India records over 2.34 lakh Covid 19 cases, 1341 deaths in 24-hour

Cipla shares hit new high; Sharekhan pegs target at Rs 1100 as Pharma giant doubles Remdesivir production

Pharma exports FY 2021: Indian made generics see HUGE demand; grows by 18 percent to $24.44 bn

Gujarat Board Exam 2021 Latest News: After CBSE, GSEB POSTPONES class 10 class 12 board exams - check all UPDATES here

West Bengal election 2021: LIVE UPDATES: 16.15 per cent voter turnout recorded till 9 am on 45 seats; 342 candidates in fray in 5th phase

SBI three-fold strategy for PPF, small saving schemes: Income tax rebate, Interest rates on deposits and more

Gold Price: MCX Gold price has support around Rs 46660, Rs 46956 and resistance at Rs 47411 and Rs 47570

New Covid 19 office guidelines for central government employees: Check fresh notice by MHA

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved