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.

Bloomberg
Mar 16, 2017
Latest in Automotive
Security Breach Podcast
Sponsored
Security Breach Podcast
May 1, 2025
Tesla and SpaceX CEO Elon Musk speaks at the SATELLITE Conference and Exhibition, March 9, 2020, in Washington.
Europeans Angry With Musk Still Aren't Buying His Cars As Tesla Sales Drop for Fifth Month in a Row
June 25, 2025
This photo provided by Hyundai shows the 2026 Ioniq 9. All-new this year, the Ioniq 9 is an upscale electric SUV that offers lots of space and a comfortable driving experience.
Edmunds: Five Three-Row EVs That Are Great for Big Families
June 25, 2025
A driverless Tesla robotaxi, a ride-booking service, moves through traffic, Sunday, June 22, 2025, in Austin, Texas.
Tesla 'Robotaxi' Seen Driving on Wrong Side of Road
June 25, 2025
Related Stories
A driverless Tesla robotaxi, a ride-booking service, moves through traffic, Sunday, June 22, 2025, in Austin, Texas.
Automotive
Tesla 'Robotaxi' Seen Driving on Wrong Side of Road
Lucid
Automotive
Lucid Opens Facility Previously Owned by Embattled Nikola
President Donald Trump drops papers as he meets with Britain's Prime Minister Keir Starmer on the sidelines of the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada.
Automotive
U.S., UK Strike Trade Deal on Auto, Aerospace Tariffs
Today in Manufacturing Podcast
Sponsor Content
Today in Manufacturing Podcast
More in Automotive
Security Breach Podcast
Sponsored
Security Breach Podcast
A new video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready your company's defenses. Stay up-to-date on today's vital cybersecurity topics by subscribing here.
May 1, 2025
Tesla and SpaceX CEO Elon Musk speaks at the SATELLITE Conference and Exhibition, March 9, 2020, in Washington.
Automotive
Europeans Angry With Musk Still Aren't Buying His Cars As Tesla Sales Drop for Fifth Month in a Row
Tesla sales fell 28% last month in 30 European countries.
June 25, 2025
This photo provided by Hyundai shows the 2026 Ioniq 9. All-new this year, the Ioniq 9 is an upscale electric SUV that offers lots of space and a comfortable driving experience.
Automotive
Edmunds: Five Three-Row EVs That Are Great for Big Families
As automakers expand their lineups, here are a few expert favorites.
June 25, 2025
A driverless Tesla robotaxi, a ride-booking service, moves through traffic, Sunday, June 22, 2025, in Austin, Texas.
Automotive
Tesla 'Robotaxi' Seen Driving on Wrong Side of Road
A video also showed it going straight through an intersection from a turning lane.
June 25, 2025
Lucid
Automotive
Lucid Opens Facility Previously Owned by Embattled Nikola
Lucid acquired the site after Nikola's bankruptcy filing.
June 24, 2025
A Waymo minivan arrives to pick up passengers for an autonomous vehicle ride, April 7, 2021, in Mesa, Ariz.
Automotive
Waymo's Robotaxis to Start Carrying Passengers in Atlanta, Expanding Uber Partnership
The robotaxis will initially cover a 65-square-mile area within the Atlanta market.
June 24, 2025
Autonomous vehicles with digital sensor visualization on multi-lane highway.
Automotive
New Test Helps Driverless Cars Make ‘Moral’ Decisions
'What constitutes a moral decision when we’re behind the wheel?'
June 23, 2025
A rider boards a driverless Tesla robotaxi, a ride-booking service, Sunday, June 22, 2025, in Austin, Texas.
Automotive
Musk Bets Cabs Will Lift Tesla After Boycotts, Sales Plunge
Would you hail a 'robotaxi'?
June 23, 2025
Moia Id Buzz Ad
Automotive
Volkswagen Unveils Production-Ready Robotaxi
The vehicle is part of an end-to-end solution that also includes a software ecosystem.
June 20, 2025
Kodiak Driver-equipped autonomous truck at Roush’s production facility in Livonia, Michigan.
Automotive
Kodiak Robotics Selects Roush as Manufacturing Partner to Upfit Autonomous Trucks
Kodiak expects to scale deployment of trucks in second half of 2025.
June 19, 2025
In this undated handout photo provided by Zoox, Zoox robotaxis are assembled at a 220,000-square-foot factory located in Hayward, California. ()
Automotive
Amazon Wants to Make 10,000 Robotaxis Every Year at New U.S. Factory
Silicon Valley's robotaxi revolution: Amazon's bold leap into driverless transportation.
June 18, 2025
This photo provided by Chevrolet shows the new 2025 Trax. This is Chevy's least expensive SUV, but it doesn't skimp on features or driving comfort.
Automotive
Edmunds: Best SUVs for Under $30,000 Ranked
Almost every automaker these days offers an entry-level SUV, so which one's best?
June 18, 2025
Fastport E Quad Prototype
Automotive
Honda Launches New Micromobility Venture with eQuad Vehicle
It will be produced at the Honda Performance Manufacturing Center in Ohio.
June 17, 2025
250308 All New Nissan Leaf Studio Pictures 02
Automotive
Nissan Unveils Third-Generation LEAF
It will be assembled for the U.S. and Canada markets in Japan.
June 17, 2025
President Donald Trump drops papers as he meets with Britain's Prime Minister Keir Starmer on the sidelines of the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada.
Automotive
U.S., UK Strike Trade Deal on Auto, Aerospace Tariffs
How to handle steel production remains unresolved.
June 17, 2025