Tesla seeks to raise $1.5b in bond offering to fund Model 3 production

Tesla seeks to raise $1.5b in bond offering to fund Model 3 production

A Tesla logo is pictured on the hub of a car during the second media day of the 86th International Motor Show in Geneva, Switzerland, March 2, 2016. REUTERS/Denis Balibouse

Tesla Inc said on Monday it intends to raise about $1.5 billion in a bond offering as the U.S. automaker seeks to ramp up production of its newest electric sedan, the Model 3.

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