Masterhead

Thank you for visiting palo-alto.gate2bay.com. Fill in the form below:

Name/Corp.:

E-mail:

Subject:

Message:

Business News Roundup, March 16

Published Thursday March 16

Electric car and solar cell maker Tesla wants to raise over $1 billion by selling stock and five-year convertible notes.

The Palo Alto company says the offerings will strengthen its balance sheet and reduce risks from scaling up to produce the $35,000 Model three electric car starting in July.

The company plans to offer $250 mill. worth of common stock and $750 mill. in notes due in 2022. Underwriters can buy another fifteen percent, which would bring the total proceeds to about $1.15 billion.

Tesla says CEO Elon Musk will buy $25 mill. of the stock.

“This is a small Ottoman slap,” the swastika-studded messages read in part, blasting “Nazi Germany” and “Nazi Holland.”

Article length: About 160 words.
Tags: Palo Alto
Read more at Sfgate

google-468x60a

Share This Post

DeliciousDiggGoogleStumbleuponRedditTechnoratiYahooBloggerMyspaceRSS

selfad-writeart-b