Tesla seeks to raise $2.3bn after concerns it is running out of money

Tesla is seeking to raise $2.3bn after its latest results heightened concerns that the troubled car company is running out of cash. Last week, Tesla announced it had lost $702m in the first three months of the year and had sold 31% fewer vehicles in the first quarter than in the fourth quarter of 2018. The company had $2.2bn of cash at the end of the quarter, down 40% from the $3.7bn it had the previous quarter. Tesla ended the quarter with about $10bn in debts.
Read more: https://www.theguardian.com/technology/2019/may/02/tesla-elon-musk-raise-money-stocks-bonds?source=Snapzu