Masterhead

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

Name/Corp.:

E-mail:

Subject:

Message:

Tesla seeks major cash influx for Model 3 production

Published Thursday March 16

AP Photo/Evan Vucci, File FILE Photo – Tesla CEO Elon Musk will invest another $25 mill. in his company as the EV maker seeks a major cash infusion.

| lhansen@bayareanewsgroup.com | Bay Area News Group

PALO ALTO – Tesla plans to raise $1.15 billion to boost its bottom line and the anticipated rapid, whole new production of the Model 3.

CEO Elon Musk will purchase $25 mill. in common stock, the company said.

Analysts have predicted Tesla would need an influx of cash to reach ambitious growth and production targets. The company intends to launch the Model three a sedan with a base price of $35,000, this year.

Article length: About 180 words.
Tags: Palo Alto
Read more at Siliconvalley

google-468x60a

Share This Post

DeliciousDiggGoogleStumbleuponRedditTechnoratiYahooBloggerMyspaceRSS

selfad-writeart-b