Posts by Steven Loveday

Tesla Seeks $1.15 Billion From Stock And Debt Sale

Tesla CEO Elon Musk announced on March 15 that the company will move forward to raise approximately $1.15 billion in order to “play it safe” as the electric automaker forges toward Model 3 production. SEC filings show that Tesla will sell about 1 million stock shares, worth around $250 million….

1 week ago by Steven Loveday 87

Why Sweden Could Become Home To A European Tesla Factory

While other potential automotive startups (Faraday Future, Lucid) are attempting the monumental task and expense of building brand-new factories, Tesla acquired its Fremont facility secondhand. This saved the company substantial time and funds, and now the Fremont factory is one of the largest and foremost in the world. Another similar…

2 weeks ago by Steven Loveday 32

Tesla Hopes To Bundle Insurance Into Purchase Of S, X & 3

Tesla has developed a knack for “doing it all,” so it was really only a matter of time before we would hear of the company’s auto insurance pursuits. Jeff Evanson, Tesla Vice President of Global Investor Relations, revealed during Tesla’s fourth-quarter earnings call, that Tesla is planning to offer vehicle customized…

2 weeks ago by Steven Loveday 46