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Tesla raises $1.8B

reuters.com

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Re: Tesla raises $1.8B

#41

Post by KGIII »

droidist2 wrote: post #38
KGIII wrote: post #26

Earlier quoted context omitted.

I keep seeing that. I'm not sure where it comes from. You're correct, obviously. I'm just not sure why people think he was a founder, or the founder?

I'm surprised to learn he wasn't, but I hadn't given it that much thought.

I thought it common knowledge. That's probably a mistake on my part. I know it because I invested pretty early on. My mistake is in thinking others would have read the history and knew the details.

I'd like to hope a journalist would know, however. Well, at least research it. I'm pretty sure Wikipedia knows all about it.

Still, I think it's a mistake on my part, to think others would know - more so, given the pervasiveness of the misinformation.

Re: Tesla raises $1.8B

#42

Post by Inconel »

KGIII wrote: post #28
Inconel wrote: post #25

Earlier quoted context omitted.

There was a discussion on HN a few days ago dealing with this issue. https://news.ycombinator.com/item?id=14964857

Thank you. I missed that one. I do notice it is specifically about cell phones, though I suspect it is difficult to tell where else it is used. I don't own enough shares to pressure them into ethical sourcing and, honestly, hadn't even given it much thought until just now. I only have ~850 shares. Which, while a bunch, isn't going to influence much. It does make me curious.

Yes, that article isn't specifically about automotive batteries but I figured it was still fresh in reader's minds. It wouldn't surprise me if ICE cars had similar problems with conflict minerals, particularly in the catalytic converters.

I'd love to see a really exhaustive study comparing the environmental effects of ICE and EV cars when taking into account the entire product lifecycle from mining, transport, manufacturing, power generation and distribution, refining, etc. I've seen studies comparing a few of these things but nothing that goes from the time some alloy is mined or oil is taken from the ground through the entire life of an automobile.

Re: Tesla raises $1.8B

#43

Post by [deleted] »

KGIII wrote: post #28
Inconel wrote: post #25

Earlier quoted context omitted.

There was a discussion on HN a few days ago dealing with this issue. https://news.ycombinator.com/item?id=14964857

Thank you. I missed that one. I do notice it is specifically about cell phones, though I suspect it is difficult to tell where else it is used. I don't own enough shares to pressure them into ethical sourcing and, honestly, hadn't even given it much thought until just now. I only have ~850 shares. Which, while a bunch, isn't going to influence much. It does make me curious.

[deleted]

Re: Tesla raises $1.8B

#44

Post by d_t_w »

Is there a difference between 'raises' and 'borrows'?

I read this as Tesla took investment of $1.8B (presumably in return for shares), but in this case they have issued $1.8B of bonds, so they've effectively taken out a loan.

Re: Tesla raises $1.8B

#45

Post by moxious »

Animats wrote: post #39

Tesla sold $1.8 billion of eight-year unsecured bonds at a yield of 5.30 percent. That's considered junk bond level today. Historically, it's not a bad interest rate. It's an OK deal for Tesla.

Yes, it's a testament to how strange the financial environment is that people would lend such money speculatively at low interest.

Those are the prevailing rates but I think the bond holders are getting a lousy deal considering tesla's actual risks

Re: Tesla raises $1.8B

#46

Post by justicezyx »

KGIII wrote: post #41
droidist2 wrote: post #38

Earlier quoted context omitted.

I'm surprised to learn he wasn't, but I hadn't given it that much thought.

I thought it common knowledge. That's probably a mistake on my part. I know it because I invested pretty early on. My mistake is in thinking others would have read the history and knew the details. I'd like to hope a journalist would know, however. Well, at least research it. I'm pretty sure Wikipedia knows all about it. Still, I think it's a mistake on my part, to think others would know - more so, given the pervasi…

Musk is a genius business man... You should not underestimate his skill of creating illusions.

I for myself only learnt this ~2010... Before I always thought he was the founder...

Re: Tesla raises $1.8B

#47

Post by tradersam »

TheSpiceIsLife wrote: post #34
SubiculumCode wrote: post #17

Earlier quoted context omitted.

I'm curious. How is what was flippantly suggested related to securities fraud?

Crytocurrencies serve one purpose very well: they're presently not being prosecuted as Ponzi schemes. Which they argueably are .

I don't agree. I believe currencies not backed by countries have a real use in the world, and labeling any and all as a Ponzi scheme is a misnomer. Anything has value if we assign it, and even if 5% of the world considers crypto valuable I'd call that a successful currency, to those who value it.

Re: Tesla raises $1.8B

#48

Post by mej10 »

dopamean wrote: post #33

It's interesting to me that in May of last year Snap, Inc raised about the same amount of money. I've never understood how some companies need so much money. To me it makes sense for Tesla. They are building actual cars and that is expensive. What on earth did Snap need a 1.8 billion for?

Did you see how much Snap was/is paying on infrastructure? It is _insane_. $2 billion over 5 years.

The amount of waste that is obviously happening there is maddening.

Re: Tesla raises $1.8B

#49

Post by Pulcinella »

sondr3 wrote: post #37
dopamean wrote: post #33

It's interesting to me that in May of last year Snap, Inc raised about the same amount of money. I've never understood how some companies need so much money. To me it makes sense for Tesla. They are building actual cars and that is expensive. What on earth did Snap need a 1.8 billion for?

Burning (through) it mostly.

On what though?

Re: Tesla raises $1.8B

#50

Post by austenallred »

d_t_w wrote: post #44

Is there a difference between 'raises' and 'borrows'? I read this as Tesla took investment of $1.8B (presumably in return for shares), but in this case they have issued $1.8B of bonds, so they've effectively taken out a loan.

"Raises" could be a debt or equity event. If you're selling portions of a company (equity) you would call it a "raise" but you're not "borrowing."
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