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Tesla is serious enough about needed cashflow for hitting Model 3 production targets to ask for its first-ever round of junk bonds. Tesla executives started roadshows today meeting with investment fund managers to raise about $1.5 billion in high-yield junk bonds, according to the IFR financial publication. Production will be ramping up soon to make […]

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Audi wants to cut costs by 10 billion euros ($12 billion) by 2022 while pressure mounts from the diesel emission scandal and the transition over to electric vehicles. Most of that cost savings will come from cutting research and development expenditures, sources close to the matter told Reuters. More funds will be needed to roll […]

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Lucid Motors is looking for outside investors and may sell the company to Ford. The California-based luxury electric car startup is looking for a new round of capital finance to get its Arizona plant ready for production. One of these talks has been centered on the possibility of an outright buyout by Ford Motor Co. […]

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