Why Tesla’s raising a new round of cash

Justin Ho May 2, 2019
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Joe Raedle/Getty Images

Why Tesla’s raising a new round of cash

Justin Ho May 2, 2019
Joe Raedle/Getty Images
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Tesla just announced a big plan to raise $2.3 billion through by issuing new stock and new bonds. Issuing bonds is another way of borrowing money, something Tesla’s been doing for years. But borrowing more comes at a time when its borrowing costs are getting pretty high.

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