Ed Ludlow: Tesla Plans to issue $2 Billion in Common Stock

Emily Chang’s Tech Briefing
Thursday, February 13th
Tesla plans to issue two billion dollars in common stock. The announcement comes just two weeks after CEO Elon Musk said it didn't make sense for the company to raise money. KCBS Radio contributor and Bloomberg News Reporter Ed Ludlow says Tesla has been criticized for their cash flow problems in the past and that this stock offering helps strengthen the company's balance sheet going into the rest of the year.