BUZ INVESTORS Tesla Model 3 There's never a quiet day at Tesla. The brain behind this (related to fighting authority or causing huge, important changes) company is forever busy brewing up disruptive ideas.
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Tesla sells $1.8B of bonds at 5.3% yield in upsized offering

Tesla sells $1.8B of bonds at 5.3% yield in upsized offering

Tesla sells $1.8B of bonds says it raised $1.8B, $300M more than expected, at a 5.3% yield in its first traditional

Tesla sells $1.8B of bonds(NASDAQ:TSLA) says it raised $1.8B, $300M more than expected, at a 5.3% yield in its first traditional bond offering, marking a vote of confidencein the company and another sign of investors’ appetite for corporate debt at a time when government bonds provide meager returns.

TSLA is “at the right place at the right time with the right product,” says CreditSights analyst Hitin Anand.

Goldman Sachs was the lead underwriter of the eight-year bonds, which were rated B- by S&P and B3 by Moody’s.



Tesla sells $1.8B of bonds

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Efraim Levy of CFRA says the bond investors are expecting profitability from TSLA’s more affordable Model 3, but “by 2025 there’s no more room for excuses.”

The deal “speaks to the sheer insanity found in the high-yield market to have a deal like this upsized with terms so unappealing to investors,” says Larry McDonald of The Bear Traps Report. “Congrats to Elon Musk.”

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Jadtecnic
Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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