Tesla Seeks Up To $1.15B As Musk Hedges Model 3 Risk

Tesla plans to raise as much as $1.15 billion as the electric-car maker run by Elon Musk seeks the cash it needs to evolve from a niche player to a high-volume automaker.

Mar 16th, 2017
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A highway safety group says the nation faces a “car crash epidemic" as safety rules languish.
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The Toyota logo is shown on a dealership in Manchester, N.H., in this Thursday, Aug. 15, 2019, file photo. Toyota plans to build a new $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles. The plant location wasn't announced, but the company said it eventually will employ 1,750 people and start making batteries in 2025, gradually expanding through 2031.
Toyota to Build $1.29B U.S. Battery Plant
The company said it eventually will employ 1,750 people.
Oct 18th, 2021
In this Sunday, March 21, 2021 file photo, the company logo adorns a sign outside a Toyota dealership in Lakewood, Colo. Nippon Steel Corp. is suing Toyota Motor Corp. over a patent for technology key for electric motors in a rare case of legal wrangling between Japan’s top steelmaker and automaker over intellectual property.
Nippon Steel Sues Business Partner Toyota over Patent
The company demanded compensation totaling $177 million.
Oct 15th, 2021
The Nikola Tre FCEV cabover will add an anticipated range up to 500 miles to PGT’s freight hauling fleet.
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The trucks will have a 500-mile range.
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Report: VW CEO Suggests Slow EV Shift Could Eliminate 30K Jobs
He said the company needs to transition to electric vehicles more quickly.
Oct 13th, 2021
A Tesla electric vehicle emblem is affixed to a passenger vehicle Sunday, Feb. 21, 2021, in Boston. U.S. highway safety investigators want to know why Tesla didn’t file recall paperwork when it updated Autopilot software so it would do a better job spotting parked emergency vehicles.
U.S. Regulators Seek Answers from Tesla over Lack of Recall
It follows an investigation of Tesla vehicles crashing into emergency vehicles.
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This April 5, 2021 file photo shows the logo of LG Electronics Inc. outside of the company's office building in Seoul, South Korea. LG Electronics has reached a deal with General Motors to pay as much as $2 billion to reimburse the automaker for the cost of recalling Chevrolet Bolt electric vehicles due to battery fires.
LG to Pay GM $2B for Bolt Battery Recall
GM said batteries that have two manufacturing defects can cause fires.
Oct 12th, 2021
Tesla owners, Tesla employees and local political leaders gather at the service bay doors during an event on Sept. 9, 2021, to celebrate a partnership between Tesla and the Nambé Pueblo after the electric car company repurposed a defunct casino into a sales, service and delivery center near Santa Fe, N.M. Tesla has opened a store on tribal land in New Mexico, sidestepping car dealership laws that prohibit car companies from selling directly to customers.
Former Cabinet Secretary Defends Auto Dealerships from Tesla
He is defending New Mexico's ban on direct sales of motor vehicles.
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Stellantis Retooling 3 Indiana Plants for Electric Vehicles
Stellantis said the project would help retain about 660 jobs.
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Robotic arms put in the electric vehicle powertrain into the Ariya model in the assembly line at Nissan's Tochigi plant in Kaminokawa town, Tochigi prefecture, Japan, Friday, Oct. 8, 2021.
Smart Robots Do All the Work at Nissan's 'Intelligent' Plant
The factory is set to be up and running sometime before April.
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In this March 14, 2019, file photo, Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif. Tesla says it will relocate its headquarters from Palo Alto, Calif., to Austin, Texas, though the electric car maker will keep expanding its manufacturing capacity in the Golden State.
Elon Musk Says Tesla Will Move HQ from California to Texas
Musk gave no timeline for the move.
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