Tesla boosts credit lines again to aid Elon Musk expansion
Two months ago, Tesla's CEO Elon Musk said that it would not be necessary to increase debt this year. However, the car manufacturer is now raising its borrowing capacity by about USD 500 million, according to a regulatory filing Tuesday.
BY KEVIN MILLER AND KEITH NAUGHTON, BLOOMBERG
Tesla Motors Inc. increased its borrowing capacity under two credit agreements by about USD 500 million – two months after Chief Executive Officer Elon Musk tweeted that raising debt wouldn't "be necessary" before the end of the year.
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