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Tesla to Pay $422 Million to Bondholders; Values SolarCity at $2.4 Billion

Tesla recently completed a $1.7 billion equity raise and likely needs to issue more shares...

The disclosure, part of an S-4 filing related to its planned merger with SolarCity Corp. SCTY -0.92 % , comes as the auto maker faces big costs related to product development and continues to book net losses in its core business. The company said that it had $3.25 billion in sources of liquidity as of June 30.

Tesla recently completed a $1.7 billion...


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