- AFP•11 days ago
Tesla on Wednesday announced plans to raise $1.15 billion in new funding to help fuel production of a mass market-targeted Model 3 electric car set for release this year. Tesla said that it planned to offer $250 million in common stock and $750 million in convertible notes, with underwriters being given the option to buy an additional 15 percent of each offering. Tesla co-founder and chief executive Elon Musk will take part by buying $25 million worth of the new shares, according to the California-based company.
- AFP•15 days ago
Australia's prime minister held talks with Elon Musk on Sunday after the US innovator offered to solve the energy crisis plaguing a southern region in a hundred days -- or install the technology free. Musk, the entrepreneur behind electric carmaker Tesla, made the pledge in response to power woes in South Australia, which was last year hit by a state-wide blackout after severe winds from an "unprecedented" storm tore transmission towers from the ground. In a Twitter exchange on Friday with Australian software startup Atlassian's co-founder Mike Cannon-Brookes, Musk said he could solve the energy issue with a battery farm.
- AFP•last month
Tesla reported on Wednesday that it slipped back into the red in the recently ended quarter while revenue revved, with orders for some of electric car models hitting record highs. The company forecast that demand for its cars would show strong growth in the first half of this year, and shares rose more than 1.5 percent to $277.80 in after-market trades despite Tesla's reporting it had slid back to a loss. Tesla chief executive Elon Musk remained confident in an earnings call that electric car production would climb to 500,000 next year.
TSLA: Summary for Tesla, Inc. - Yahoo Finance
Tesla, Inc. (TSLA)
NasdaqGS - NasdaqGS Real-time price. Currency in USD
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|Bid||263.66 x 300|
|Ask||263.88 x 300|
|Day's range||255.01 - 263.88|
|52-week range||178.19 - 287.39|
Trade prices are not sourced from all markets
|PE ratio (TTM)||-56.23|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|