Team-BHP > Electric Cars


Reply
 
Thread Tools Search this Thread
Old 3rd May 2019, 21:24   #1
Senior - BHPian
 
blackwasp's Avatar
 
Join Date: Apr 2015
Location: Navi Mumbai
Posts: 2,700
Thanked: 21,623 Times
Default Tesla seeks to raise US$2.3 billion for expansion

Tesla has announced that the company will be raising US$ 2.3 billion by sales proceeds of shares and convertible debt. The funds will be used to strengthen the balance sheet as well as for general corporate purposes.

The electric carmaker is setting up a production facility in China, updating its US retail network and developing new models like the Model Y SUV and the electric semi truck as well. The need for extra funds came up after Tesla reported a first quarter loss of US$ 702 million.

Tesla plans to raise US$ 650 million in form of new shares and US$ 1.35 billion in debt. Additionally, underwriters would get an option to buy an additional 15% of each offering. CEO Elon Musk will also be pledging US$ 10 million. After this announcement, Tesla's share price increased marginally.

Tesla seeks to raise US.3 billion for expansion-tesla-s.jpeg

Link to the Team-BHP News

Last edited by Aditya : 4th May 2019 at 11:38.
blackwasp is offline   (4) Thanks
Old 3rd May 2019, 22:29   #2
Team-BHP Support
 
SmartCat's Avatar
 
Join Date: Jun 2007
Location: Bangalore
Posts: 4,984
Thanked: 25,719 Times
Default Re: Tesla seeks to raise US$2.3 billion for expansion

I checked the balance sheet (calendar year 2018) of Tesla. Important data points:

Sales: $21.4 billion
Net Profit = -$1.06 billion (meaning loss)

Cost of raw materials: $17.4 billion
Gross profit: $4 billion
Gross profit margin: 18%

R&D expenses: $1.46 billion
Total debt: $11.49 billion
Interest paid on debt: $718 million

Marketcap: $44 billion
Networth: $4 billion

Last edited by SmartCat : 3rd May 2019 at 23:33. Reason: Typo
SmartCat is offline   (6) Thanks
Reply

Most Viewed
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Copyright 2000 - 2020, Team-BHP.com
Proudly powered by E2E Networks