Tesla raises $1.2 bln, tapping market again for funding
Tesla raises $1.2 bln, tapping market again for funding
Tesla returns to Wall Street as Elon Musk readies Model 3 for market
18 March, 2017, 01:37
The capital comes at a critical time for Tesla, which has a number of capital intensive projects underway-notably the pre-production of the Model 3.
Tesla had $3.39 billion in cash and cash equivalents at the end of 2016, but most comes from a May stock offering, cash from its SolarCity acquisition and almost $1 billion in draws on its credit facilities.
Tesla has raised roughly $1.2 billion in a quest for capital ahead of the auto company's launch of the increasingly important Model 3 vehicle.
Tesla said it sold 1.3m common shares at $262 each, raising $350m.
The transaction could be worth as much as $1.4 billion to Tesla if underwriters Goldman Sachs, Deutsche Bank, Citigroup, Morgan Stanley, Barclays, Merrill Lynch and Credit Suisse exercise all their options. With that added to the tally, the maximum amount the company could potentially raise touches the $1.15 billion mark.
Tillerson to visit DMZ as part of S. Korean tour
Kishida said he had conveyed Japan's views to Tillerson for consideration during the policy review, but he didn't go into details. The regime change idea may resemble past actions like the 2003 invasion of Iraq that toppled Saddam Hussein.
March Madness: 5 can't-miss games to watch on Day 1
Brey's crew made only one of its final 10 field-goal attempts (a Colson layup at 2:07 to push Notre Dame ahead by three). The Republican has been friends with Notre Dame coach Mike Brey since he worked at the University of Delaware.
Despite facing major financial hurdles, and the dilutive nature of stock sales, the triumphant offering confounds Tesla skeptics, who point to the loss-marking company's $42.37 billion market capitalization - greater than that of Nissan Motor Co Ltd, which reported a profit of $4.7 billion past year.
A capital raise by Tesla has been anticipated since late past year, gaining steam last month after Chief Executive Elon Musk said the company could be "close to the edge" on cash needs.
CEO Elon Musk attended the 2017 World Government Summit in Dubai, at which he made Tesla's official launch speech, and now that Tesla has now entered the United Arab Emirates (UAE), the company is taking orders.
Tesla chief executive Elon Musk has indicated his preliminary interest in buying up to 95,420 shares of Tesla common stock for a purchase price of around $25 million in this offering at the public offering price, the company said.
Several analysts forecasted a capital raise closer to $2.5 billion. Especially considering that the image featured a auto that appeared to have been in the final phases of the design process.
Alan Menken, who wrote the original songs with Howard Ashman, provided the score and wrote three new songs with Tim Rice. But with Beauty and the Beast coming out today, it seems kids prefer another princess.
But both loved the script for A Quiet Place so much, they made a decision to go ahead and make it together . Paramount and Platinum Dunes are handling production, and Michael Bay is among the producers.
I'm not going to hold a banner saying "don't speak ill about me". "Criticism or praise are totally detached from me". However Kohli don't believe pitch to be the sole reason for such low totals and dearth of big innings.
We have a target (to win the League and FA Cup) and it's important we concentrate on trying to reach that target. Stoke are without Glen Johnson but welcome back Marko Arnautovic, Xherdan Shaqiri and Wilfried Bony.
The messages, which were found on the teenager's Kindle Fire tablet, later led to the charges against the Oklahoma senator. Senate officials said Shortey will still receive his $38,400 annual salary as a senator and will be allowed to vote.
At the time, the X9 discovery was unusual because black holes typically were not found in globular star clusters, like X9's. The scientists also found evidence of large amounts of oxygen in the system, an element found in white dwarfs.
While attempting to get back on board, the panicked vacationer accidentally flipped the jet ski over completely. The incident occurred Saturday as the Carnival Magic was departing Port Canaveral harbor.
The number of initial claims for unemployment insurance, a measure of new layoffs, rose by 5,801, or 151.7 percent, to 9.624. The number of unemployed increased by 797 to 4,500, while the number of employed individuals increased by 387 to 58,856.
South Korea banned imports of all USA poultry following the Tennessee bird-flu findings, according to its agriculture ministry. The other instances occurred at another commercial breeder and a backyard flock, according to a state press release .
Coroner: Man found in burned Glen Carbon home was shot in head
The baby and his six siblings, four boys and two girls ranging in age from 4 to 14, were placed in the care of family members. Though no one else was found in the auto , the Illinois Department of Conservation had a boat on the lake searching the water.
Guardiola to stay on the attack for Liverpool test
Atletico Madrid won the first leg 4-2 away to Bayer Leverkusen, so their passage to the quarter-finals was never really in doubt. Bottom club City produced spirited resistance but Rush finished them off after a length-of-the-pitch counter-attack.
Amazon brings Alexa to the iPhone
Alexa in the Amazon app supports voice-driven skills already set up in the the Alexa app or on alexa. amazon .com. That app tracks voice search activity for the Echo but doesn't have any voice interaction capability of its own.
Trump budget goes big on border wall, short on agents
Funding for the government runs out in late April. "And so now Donald Trump wants the American taxpayers to pay for it". Building a wall - and having Mexico pay for it - was a regularly repeated campaign pledge of Trump's.
UCL Match Report: Monaco v Manchester City 15 March 2017
Tiemoue Bakayoko scored the deciding goal 13 minutes from time with a delicious header, beating Willy Caballero at the front post. We have to admit that the German side didn't have any luck because they had several situations where they missed.
Tillerson shuns all but conservative website on Asia tour
Last week, the State Department officially offered McPike an opportunity to cover the secretary's upcoming trip to Asia. Either circumstances will remain the same, and the press will still have limited access to Tillerson when he travels.