Tesla will raise another $1 billion

World media reports that the American manufacturer of electric cars Tesla will attract $1 billion to bring the Model 3 model to the market this year.

The Elon Musk’s company announced that it will sell shares of approximately $250 million and convertible debt of $750 million to reduce the risks associated with the launch of Model 3. The cost of the new model, which is planned to be released in July, will be about $35 thousand without discounts.

It has already received about 373 thousand preliminary applications. Experts say that the excitement is caused by the affordable price of Model 3. In addition, in the first half of this year Tesla plans to produce up to 50 thousand of its other models.

After the announcement of the raising of additional funds, the shares of the manufacturer of electric vehicles during electronic trading grew by 2%.