Tesla unveils plans to raise about $2 billion of cash

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Tesla unveils plans to raise about $2 billion of cash

Elon Musk

Charles Sykes/Invision/AP, File

Elon Musk.

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Tesla is raising cash.

The electric-car maker on Thursday revealed plans to sell a combination of stock and debt to raise cash after its larger-than-expected first-quarter loss.

The company plans to sell 2.72 million shares and $1.35 billion worth of notes.

This story is developing. Check back for updates.

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