Tesla plans $2 billion stock sale for Model 3 program

Tesla surprised investors last month with plans to speed up the introduction of the Model 3, a smaller, less expensive car than Tesla has built, and expand production capacity at a plant in Fremont, California. (REUTERS)

PL

By:

Paul Lienert

May 18, 2016 05:00 AM

Tesla Motors said it would sell $2 billion in stock to help finance the accelerated launch of its new Model 3 electric sedan.

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