News Desk — April 3, 2018 at 2:27 pm — Updated: April 3, 2018 at 2:27 pm

Tesla says no need for capital raise as Model 3 output rises

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(Reuters) – Tesla Inc quashed any speculation it might need to raise more capital this year on Tuesday, driving the company’s battered shares higher as it announced it built 2,020 of its cheaper Model 3 sedans in the last seven days of March.

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