Until last month, the management of electric vehicles manufacturer Tesla tried to pretend that the money borrowing at the stage of preparation for the start of Tesla Model 3 serial production would not be required, but now it became obvious that loans is required. Last month, Ilon Maskwas forced to admit that Tesla in its financial capabilities came to a certain point, after crossing which it is necessary to resort to the search for new funds.
As Reuters notes, the company is going to raise about $ 1.15 billion by selling shares and convertible bonds with the preemptive right. Sam Ilon Mask will act as an example for investors, buying out the company's shares for about $ 25 million - a tenth of the entire issue. The bulk of the funds ($ 750 million) will come from the sale of bonds with a maturity in 2022. Throughout its history as a public company, Tesla has only twice demonstrated quarterly profits, and its cash flows have remained negative since 2014. This did not prevent the share price of Tesla shares to grow by 2.1% yesterday after the publication of relevant news.
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