Tesla raises $1.2bn on Wall Street

Tesla raises $1.2bn on Wall Street

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With the company facing financial hurdles, Musk demonstrated his ability to persuade Wall Street into pouring the money into electric cars. It was 2nd capital raise in 12 months. Tesla offered stock and convertible notes in return. Tesla planned to spend $2 - $2.5 billion in capital expenditures during the first half of 2017.

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