Tesla's appetite for cash keeps growing and growing
Tesla is hungry for cash — and it's no surprise why.
The electric car maker announced last week it plans to raise $1.8 billion through the sale of high-yield bonds. The move is the second injection of cash Tesla has sought this year. In March, it announced it was raising $1.15 billion in a convertible debt offering.
The reason Tesla's seeking all that cash? It's preparing to ramp up production of its new Model 3, its first mass production car. If all goes accordin
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