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[finance] Tesla debt offering raised to $1.8 billion, $300 million more than planned, on high demand

Elon Musk’s electric car company raised $1.8 billion, $300 million more than expected, at a yield of 5.30 percent, slightly above original guidance.
The greater-than-expected figure indicated high demand for Tesla’s debt offering amid this week’s drop in high yield bonds.
The company has burned through billions of dollars in the last few years.
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www.cnbc.com/2017/08/11/tesla-debt-offering-raised-to-1-point-8-billion-300-million-more-than-planned-on-high-demand.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104645…

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