The Tesla Model 3 is out now, and getting some noteworthy reviews, but if your awaiting your new, shiny ride, you might need to wait until Tesla comes up with some more cash to fuel their production lines…
“Tesla is getting critical raves for its new Model 3, its first mass market electric car. Now the automaker just needs more money to scale up production of the vehicle. To that end, Tesla (TSLA) said Monday it is raising $1.5 billion in a senior note offering. It would use the proceeds to strengthen its balance sheet during rapid scaling of the Model 3….” [ Read more here ]