Tesla ends 'Spartan diet,' seeks up to $2.3 billion from share, debt issues
Share:
SAN FRANCISCO (Reuters) - Tesla Inc will raise up to $2.3 billion (£1.7 billion) in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.Tesla's plan to issue debt and convertible shares comes after the company repeatedly pushed back forecasts for turning a profit. It also is confronting expensive challenges, including launching production in China,..