Tesla Raising Cash in Push to Get Model 3 to Masses<br />At the time, CEO Elon Musk worried some investors when he warned<br />that Tesla was about to embark on "at least six months of manufacturing hell" as it attempts to get Model 3 production to 5,000 cars per week by December.<br />Musk said investors should have "zero concern" about whether Tesla will be able to meet its goal of making 10,000 Model 3s per week by next year.<br />The company said Monday that it planned to offer senior notes due in 2025<br />and would use the offering’s proceeds to further strengthen its balance sheet during rapid scaling of the Model 3.<br />PALO ALTO, Calif. — Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan, its first mass market electric car.<br />But last week, Musk clarified his comments, and said Tesla should be able to overcome any supplier issues and other potential obstacles.
