Tesla to raise about $1.15bn in stock, notes
Tesla CEO Elon Musk had previously said that while his company had enough capital to meet the demands for the Model 3, it would take it "very close to the edge". The underwriters increased the amount of equity and convertible notes to $1.2 billion.
The company, led by Elon Musk, said it sold 1.3 million common shares at $262 apiece to raise $350 million and that it raised another $850 million though the sale of convertible senior notes due 2022.
Tesla shares opened at $264 Friday morning before dropping 0.7% and then rebounding.
Tesla's warning that it would spend $2 billion-$2.5 billion in the first half of 2017 in capital expenditures left little cushion at a critical time ahead of its Model 3 production, which the company says will begin in July.
Former Indiana Sen. Dan Coats Confirmed As Director of National Intelligence
The Senate Intelligence committee voted overwhelmingly last week to approve Coats' nomination. The vote followed another similarly bipartisan vote Wednesday confirming former Sen.
John Krasinski and Emily Blunt Find Horror in A Quiet Place
In addition to Jack Ryan, Krasinski will next appear in Kathryn Bigelow's untitled Detroit Riots movie. He previously directed last year's " The Hollars " and " Brief Interviews With Hideous Men " in 2009.
Tillerson's email alias was prompted by business needs, Exxon says
PricewaterhouseCoopers and Exxon Mobil Corporation , was filed in New York State Supreme Court, New York County. Some have used secondary email accounts while others sought to mask their communications.
Tesla Inc.is about to start production of its upcoming Model 3 later this year, but a lot of analysts believe that building the auto will come at a massive cost for the company.
Denning was quick to point out that Tesla's former CFO Jason Wheeler said $1 billion of liquidity represents a "nice comfort level" for the company.
Tesla said Musk, already the company's top shareholder with a stake of about 21 per cent as of December, bought 95,420 common shares for $25-million in the latest stock sale. "In connection with establishing their initial hedge of the convertible note hedge and warrant transactions, the hedge counterparties or their affiliates expect to enter into various derivative transactions with respect to Tesla's common stock concurrently with or shortly after the pricing of the notes, including with certain investors in the notes". After burning through cash late last year and Musk's warning to Wall Street that the company coffers were "close to the edge", Tesla announced on Wednesday that it would sell new stock and convertible securities while preparing for volume production and deliveries of its first mass-market auto later this year.
Suspect involved in EMT murder arrested
The man put the ambulance into reverse, striking Arroyo, who fell and got caught beneath the wheels, police said. Arroyo, a 14-year FDNY veteran, is seen being crushed by the ambulance in a video posted on social media.
Google Wants to Make Your Images Take Up Less Space
The result is more detail with smaller file sizes, at a cost of substantially higher resource utilization at compression time. This algorithm is basically an encoder which creates JPEG files of size 35% smaller than other image file creation methods.
Arsenal coach confirms Arsene Wenger will not leave Arsenal this summer
But Pulis reckons the Frenchman is determined to stay beyond the summer. It is just about making sure you stay with them and stay in the game .
Violent Mt Etna eruption injures BBC crew (VIDEO, PHOTOS)
Present at the time of the explosion were members of a BBC news crew who caught the event on video . Mount Etna has been putting on an impressive show for days, spewing lava and steam.
Ralph Shortey, Oklahoma Lawmaker, Hit With Child Prostitution Charges
Authorities say the two then went on to talk about the logistics of their meeting - and about bringing marijuana to the motel. An arrest warrant was issued for Shortey on Thursday after the charges were filed.
Cuonzo Martin steps down at Cal, apparently headed to Mizzou
Missouri announced hiring of Martin as its next coach Wednesday, hours after he resigned from his position at California. Three years ago, Cal looked at Xavier's Chris Mack and Richmond's Chris Mooney before Martin accepted the job.
Poultry breeder Aviagen culls U.S. flock over bird flu fears
Officials haven't said what avian flu strains are involved and said samples were on their way for testing at the NVSL in Iowa. Each year, the Kord Animal Health Diagnostic Laboratory tests approximately 22,000 samples from poultry for avian influenza.
Star and black hole spotted in tight orbital dance
How did the black hole get such a close companion? "If it keeps losing mass, the white dwarf may completely evaporate". The researchers thought the binary star system is composed of two stars.
Trump opens the door to weaker vehicle standards
Whether jobs will leave or not, the evidence that fuel economy rules will be what makes jobs disappear is rather murky. Environmentalists have vowed to sue if the Trump administration weakens them.
No clarification, no regrets from Kohli
India were favourites at the start of the series but Australia's huge win in Pune proved they can't be taken lightly. The BCCI withdrew the complaint later on the same day after a meeting between the BCCI and Cricket Australia .
Mar 18 2017