Tesla, Inc. (NASDAQ:TSLA)
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--SpaceX, the rocket company run by Tesla Inc. (TSLA) chief executive Elon Musk, switched the bank it is using to handle a round of fundraising, Bloomberg reported Thursday.
--Goldman Sachs Group Inc. (GS) had been speaking with investors recently about a $500 million debt sale, the report said, but at a Wednesday presentation, Bank of America Corp. (BAC) was running the presentation and seeking $750 million, the report said.
--Goldman was hesitant when SpaceX sought wide latitude to raise more debt in the future, the report said, citing "people with knowledge of the matter."
--Mr. Musk also has spoken with at least one bank about raising a personal loan backed by his SpaceX stake, the report said, citing "a separate person with knowledge of the matter."
Full story: https://www.bloomberg.com/news/articles/2018-11-08/musk-said-to-divide-wall-street-with-demands-for-new-spacex-loan?srnd=premium
--Write to Stephen Nakrosis at email@example.com
(END) Dow Jones Newswires
November 08, 2018 14:31 ET (19:31 GMT)
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