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[finance] Tesla Model 3: £800 million capital raised ahead of production | Autocar

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> www.autocar.co.uk/car-news/new-cars/tesla-model-3-%C2%A3800-million-capital-raised-ahead-production
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> Tesla Model 3: £800 million capital raised ahead of production
> Money will reduce financial risk of Model 3 production; first deliveries of the mass-market electric car are expected in early 2018
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> Tesla has secured a $1 billion (around £800 million) cash injection ahead of production of the Tesla Model 3 , which will start in July.
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> Tesla CEO Elon Musk had previously said that while his company had enough capital to meet the demands for the Model 3, it would take it “very close to the edge”.
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> The manufacturer has raised capital to help production and ease the financial risk associated with the production run, leading to a rise in its share price which was also helped by reports of its future model plans, including the  Model Y  compact SUV , according to New York financiers.
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> Tesla Model X road test
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