Tesla Has a Fresh $1 Billion — And Lots of Ways to Spend It
Tesla Motors Inc. just raised about $1 billion in new capital, riding a remarkable burst of investor exuberance. New Tesla shareholders will now get to see just how fast the auto business gobbles up money.
After it pays off a $452.4 million federal loan, Tesla says in a filing today, it will have $678.8 million in cash and cash equivalents, and long term debt of $600 million.