Tesla Will Raise $500M In A Public Offering With Participation From Musk

model-x-tesla In a prospectus filed today by the company, Tesla announced the intention to sell up to 2,100,000 shares of common stock. Underwriters will also receive a 30-day option to purchase up to 315,000 additional shares. Using yesterday’s closing price of $283.17 per share, the company expects net proceeds from the offering to be around $492.6 million, or $566.5 million if the underwriters… Read More

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