UPDATE 1-Tesla Motors raises more than $1 billion from debt, equity

Newswire

By Stephen Lacey May 17 (IFR) - Tesla Motors has upsized its debt and equity offerings, as the electric car maker capitalizes on surging investor demand to raise more than $1 billion in cash. The US company late Thursday increased the size of the convertible bond offering to $600 million, after increasing it earlier that day to $525 million from an initial $450 million. Meanwhile on Friday Tesla finalized a per share price ...

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