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FTG Blog - Musk Revs Up Tesla Bond Buyers by Selling Them Debt With a Dream

Musk Revs Up Tesla Bond Buyers by Selling Them Debt With a Dream

Tesla Inc.’s Elon Musk is selling his dream. Bond investors seem to be closing their eyes and buying it. Musk brought his charm offensive to the debt market at a meeting for bond buyers in Manhattan on Monday and came away with orders for $600 million after just a few hours, according to investors briefed on the matter. The session was part of a four-day debt-marketing extravaganza aimed at raising $1.5 billion to support the electric carmaker’s new mass-market Model 3. Read more →

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FTG Blog - Tesla Burns Through Record Cash to Bring the Model 3 to Market

Tesla Burns Through Record Cash to Bring the Model 3 to Market

Tesla Inc.’s Elon Musk keeps getting the green light to do what it takes to bring electric cars to the masses, regardless of how much it’s going to cost. The company burned through $1.16 billion in cash during the second quarter by spending on capacity for its cheapest model yet and boosting battery output. Investors fixated instead on what Musk said is coming next: Hundreds of thousands of Model 3 sedan deliveries, installations of solar roofs and an all-new semi truck to add to the lineup. Read more →

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