Tesla announces $500M common stock offering; growth of business, Model 3 and Gigafactory

Green Car Congress
By mmillikinAug 13, 2015, 10:20 am29 pts
Tesla intends to offer, subject to market and other conditions, about $500 million worth of common stock (2.1 million shares) in an underwritten registered public offering. (As of 12 August, Tesla stock was trading at $238.17 per share.) Elon Musk, Tesla’s CEO, intends to purchase $20 million of common stock…

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