Tesla gets $40 million in convertible debt financing

It's not all bad news for Tesla today. With the lawsuit with Fisker now over and done with, Tesla can get back to focusing on making and delivering vehicles. One way to get more Roadsters out the door is through an injection of $40 million in convertible debt financing that was recently approved by the company board. Last week, Elon Musk said the company was sitting on around $9 million and was about to close a round of funding worth $20 million.

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