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Tesla Plans to Repay Energy Department Loan


Tesla plans to raise $1.08 billion to build cash reserves and repay the loan offered by the Energy Department. CEO Elon Musk said the automaker will sell 3.9 million shares for $92.24 each. Musk will buy 1.08 million shares for the price of $100 million and convertible notes might increase as much as $648 million. The automaker said $452.4 million will ...
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More Tesla articles

Tesla Plans to Raise $830M to Repay Energy Department Loan
Tesla wants to sell $830 million in shares to be able to repay the federal loan offered by the Energy Department. Tesla announced that the money gathered from selling 2.7 million ...
Tesla Profit During Q1 Helped by Sales of California and US Emissions Credits
Tesla’s profit during the first quarter led by an increase in demand for the Model S, was also helped by the surge in sales of the US and California environmental ...
Tesla’s Value Surpasses Fiat’s After Posting Q1 Profit
After posting higher than expected first quarter profit, thanks to its Model S sedan, Tesla surged as much as 26%. At 11:45 a.m. New York time Tesla surged 23% to $68.36, ...
Tesla Model S Got a Near-Perfect Score from Consumer Reports
Tesla’s Model S got a near-perfect score from Consumer Reports, citing the model’s well-crafted and quiet interior, power, as well as ‘pinpoint’ handling. The Model S got a score of 99 ...
Tesla Reports First Quarterly Profit Due to Model S Sales
Tesla reported last quarter its first profit, beating analysts’ estimates, as Model S sales surpassed those of GM’s Chevrolet Volt. During the first quarter, Tesla’s net income reached $11.2 million, compared ...
Tesla CEO Talks to Google About Driverless Technology
Tesla CEO Elon Musk said he is discussing with Google about the possibility of adding driverless technology to its vehicles. Elon Musk believes that driverless technology is a logical step in ...
Tesla Unveils Service Program to Boost Model S Sales
Friday, April 26th, Tesla CEO Elon Musk unveiled a service program aimed at convincing customers to buy EVs and boost sales of the Model S sedan. The service program includes a ...
Tesla to Make Strategic Announcement Later Today, April 26th
Tesla CEO Elon Musk said that later today, April 26th, the automaker will make a strategic announcement. ”Announcement of new @TeslaMotors strategy tomorrow. Tesla owners will like this," Musk said in ...
Tesla Considers Building Plant in Texas
Tesla CEO Elon Musk said he considers building a plant in Texas and make big investments here. Currently Musk is struggling to win legislation exemption to allow Tesla to sell its ...

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Tesla Plans to Repay Energy Department Loan
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