Tesla to sell $1.5 billion of debt to help fund Model 3 production

Tesla Inc. said Monday it planned to sell $1.5 billion worth of bonds, as it looks to shore up its balance sheet for the Model 3 production ramp. Expenses related to the Model 3 launch are at a high point right now, said Bill Selesky, an analyst with Argus Research. “They want to make sure the...

Tesla to sell $1.5 billion of debt to help fund Model 3 production