Tesla looking to raise captial after disappointing first quarter

National
Tesla_Stock_Wild_Ride_34373-159532.jpg70131581

FILE – This Aug. 8, 2018 file photo shows the Tesla emblem on the back end of a Model S in the Tesla showroom in Santa Monica, Calif. Tesla investors have taken a wild ride as Wall Street values the promise of one of the world’s leading electric car makers, the hurdles the company faces […]

Electric automaker Tesal is looking to raise billions in capital, after a disappointing first quarter report. 

Tesla says it plans to raise more than $2.5 billion by selling additional shares of stock, and accruing more debt. 

Last week, the company posted a first quarter loss of $700 million. 

Tesla’s CEO, Elon Musk says he is personally chipping in $25 million. 

Shares of Tesla jumped 5% before Thursday’s opening bell on Wall Street.  

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss