Tesla is raising up to $1.5 billion through convertible note and share sale

Teslais raising up to $1.55 billion through the sale of notes and shares, according to a filing made by the EV maker today.
The document outlines that Tesla will sell up to $1.35 billion in convertible senior notes. The number could increase further: Tesla is giving underwriters the chance to buy a further $202.5 million for over-allotments. In share numbers, that’s an initial 2,723,198 shares that could expand to 3,131,677.
The notes are due in 2024 and, already, Tesla founder and CEO Elo