Tesla was able to find a billion dollars to launch the Model 3

Date:

2017-03-20 20:00:04

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Tesla was able to find a billion dollars to launch the Model 3

Tesla last week to insure before the release of the Model 3, to optimize costs and attract new investments to reduce risks before starting new machine. The company has announced that for its realization it is necessary to collect $ 1.2 billion. For this Director, addressed to the investors and decided to sell the shares. As a result of committed operations Tesla was able to rescue 350 million by releasing the sale of approximately million shares for about $ 260 apiece, yet 850 million it managed to raise through the issuance of debt obligations.

The Results exceeded company expectations by about 200 million, which means that part of the production and promotion of Model 3 from Tesla really have good options. Recall that Model 3 — the first electric car Tesla, which will be sold at reasonable mass market price. The cost of the basic configuration will be only 35 thousand dollars. Last fall the company started gathering pre-orders for the car, the number of which at the moment is about 400 thousand.

Now the company Tesla plans to increase capacity of its factories, and at the same time to hire additional staff. Mass production of the Model 3 is scheduled for late 2017.

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