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Tesla grosses $1.80 billion from debt offering

Tesla Inc. raised gross proceeds of $1.80 billion from an offering of 5.3% senior unsecured notes due Aug. 15, 2025.

The company plans to use the proceeds for general corporate purposes or working capital.

Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC and RBC Capital Markets LLC were the lead underwriters.