Tesla ends 'Spartan diet,' seeks up to $2.3 billion from share, debt issues
May 02, 2019 at 13:18 PM EDT
Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.