Tesla is doing a $1.5 billion bond offering
https://www.reuters.com/article/us-t...-idUSKBN1AN13I
Quote:
The move to issue junk bonds - lower-quality investments that offer higher yields - represents a bet by Tesla Chief Executive Elon Musk that bond investors will be as hungry as stock investors to back the company on expectations that its Model 3 will be a hit.
Tesla shares are up 67 percent this year, pushing the company's market value to about $60 billion, above that of top U.S. automakers General Motors Co (GM.N) and Ford Motor Co (F.N), even though Tesla has yet to make an annual profit.
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Tesla will have the cash to buy the data and the talent ...