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 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Top Stories

More Top Stories

Latest Videos

Don't Miss