The lending was disclosed in Tesla's prospectus on Thursday to raise up to $2.3 billion with new shares and convertible debt
Tesla filed to raise at least $2 billion through debt and stock offerings
Tesla tapped the markets again after Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be self-sustaining.
Musk also said Tesla is developing "neural networks" of computers that can mimic the human brain and will enable driverless cars to operate safely using only cameras and radar sensors
Self-driving car experts fear Musk is shirking public safety in an effort to boost Tesla's stock and sell more of the company's electric cars
Tesla said the decision did not result from any disagreement between the company and the directors
The Model 3 with the so-called Standard Plus battery range used to cost $37,500, plus $3,000 for Autopilot. It now costs $39,500 with Autopilot included
The step will let the Italian carmaker offset carbon dioxide emissions from its cars against Tesla's, by bringing down its average figure to a permissible level
. The electric-car maker had reported a record decline in deliveries during the first quarter, down to 63,000 vehicles in the three months that ended in March
The Narendra Modi-led government has been wooing Tesla to set up a factory but Musk, in a May 2018 Twitter post, had pointed to 'some challenging government regulations' as a hurdle
The development came in response to Musk's tweet on February 19 that 'Tesla made 0 cars in 2011, but will make around 500K in 2019'
Elon Musk is betting on China's growing market for electric cars as Beijing pushes the industry away from fossil fuel vehicles.
Some Tesla stores will be closed, resulting in staff cuts, CEO Elon Musk said, without detailing how many
Here's why all the noise and vibration is killing the thrill
The Model 3 is crucial to Tesla's plans for long-term profitability
According to the report, the offer will value each of Maxwell's 45.9 million shares at $4.75. The merger is expected to close in the second quarter of 2019
There were plenty of reasons to suspect Musk would be more reined-in from now on
Zach Kirkhorn, Tesla's vice president of finance, will replace Ahuja
Tesla plans to produce its Model 3 and Model Y cars in the initial phase of production at the Shanghai plant
The inclusion of Ellison puts one of the world's richest people with experience building a startup into a successful company on Tesla's board