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.