03:05 PM EDT, 10/03/2024 (MT Newswires) -- Tesla (TSLA) is planning a $783 million debt offering backed by car leases from prime borrowers, Bloomberg reported Thursday, citing a person familiar with the matter.

The sale is being managed by Societe Generale and is expected to be priced next week, the source reportedly told Bloomberg.

Neither Tesla nor Societe Generale immediately responded to MT Newswires' requests for comment.

Tesla shares were down nearly 4% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 239.41, Change: -9.61, Percent Change: -3.86