May 2, 2019 / 11:01 AM / 21 days ago

Tesla files for offering to raise capital

May 2 (Reuters) - Tesla Inc filed for a mixed shelf offering for an undisclosed amount on Thursday, a week after Chief Executive Officer Elon Musk suggested a capital raise could be imminent.

Many analysts had predicted the electric-car maker would need to raise funds for its expansion, including building a factory in Shanghai, the upcoming Model Y SUV, and other projects. (Reporting by Supantha Mukherjee in Bengaluru Editing by Saumyadeb Chakrabarty)

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