'Tesla Sells $499M Of Debt Backed by Solar Equipment Loans' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Tesla Inc. has sold $499 million in bonds backed by loans for solar equipment, indicating a strategic move to leverage its solar business for capital.
November 01, 2024 | 9:16 pm
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Tesla Inc. has successfully sold $499 million in bonds backed by loans for solar equipment, highlighting its focus on expanding its solar business and raising capital through asset-backed securities.
The sale of $499 million in bonds backed by solar equipment loans suggests Tesla is effectively leveraging its solar business to raise capital. This move could positively impact Tesla's stock price in the short term as it demonstrates financial innovation and a focus on expanding its renewable energy segment.
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