Tesla is set to raise $783 million through a debt sale backed by leases from prime borrowers, with pricing expected next week. This deal, led by French firm Societe Generale, marks Tesla's second asset-backed securities transaction this year, following a $750 million deal at a 5.53% coupon rate.

This financing approach allows Tesla to access liquidity without increasing debt levels, contrasting with legacy automakers that often engage in frequent securitizations. The announcement coincides with the upcoming unveiling of Tesla's Robotaxi platform, set to showcase advancements in its Full Self-Driving (FSD) technology.

Additionally, Tesla will hold its Q3 earnings call on October 23, after reporting 462,890 vehicle deliveries in Q3 and surpassing its 2023 energy deployment targets with 6.9 GWh of products. Stay tuned for updates! 📈🔋