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Tesla grosses $850.0 million from debt offering

Tesla Inc. raised gross proceeds of $850.0 million from an offering of 2.375% senior unsecured notes due March 15, 2022.

The company plans to use the proceeds for general corporate purposes or working capital and investment in securities.

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