Tesla, Senior Notes, and The $1.5 Billion Cost of Model 3 Launch

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Earlier today, Tesla announced that it would be issuing $1.5 billion in Senior Notes in the near future to help it raise some of the $2 billion it expects to spend in the next two quarters, a budget which includes ramping up production of its recently-launched Model 3 electric car.

But what are Senior Notes? What is their purpose? And why is Tesla issuing them rather than seeking out some other form of investment?

Watch the video above to find out, subscribe to our YouTube channel, and support Transport Evolved at Patreon

 

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