From Electrek: Tesla (TSLA) says it’s currently planning another round of financing for...

  • Greetings! Model 3 Owners Club is expanding! Our new name is Tesla Global Owners Club. Content remains unaffected, just a new logo, name and new domain. You'll just have to login to your existing account and carry on as before. Thank-you for your continued support! Read more here


Sep 28, 2016

At the end of last quarter, Tesla had a bigger cash position than ever before with $3.25 billion in principal sources of liquidity – thanks to its recent $1.7 billion stock offering, which was announced to finance the expansion of Tesla’s manufacturing effort for the Model 3 following the increased demand.

Now it looks like Tesla will need more money to finance its ambitious plans. Today, Tesla confirmed that its is currently planning another round of financing. more…

Filed under: Uncategorized

Continue reading...