Tesla is raising up to $1.5B through convertible note and share sale

Tesla is raising up to $1.5 billion through convertible note and share is raising up to $1.55 billion through the sale of notes and shares, according to a filing made by the EV maker today. The document outlines that Tesla will sell up to $1.35 billion in convertible senior notes. The notes are due in 2024 and, already, Tesla founder and CEO Elon Musk is committed to buying $10 million in the offering, that’s 41,896 shares.

Source: techcrunch.com