Tesla (TSLA) $2B Common Stock Offering Said to Price at $767/Share - Bloomberg

February 13, 2020 9:27 PM EST

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Tesla's (NASDAQ: TSLA) $2 billion common stock offering is said to price at $767 per share, according to Bloomberg.

The price represents a 4.6% discount to Thursday's closing price of $804.

Elon Musk, Tesla's CEO, will participate by purchasing up to $10 million of common stock in this offering. In addition, Larry Ellison, a member of Tesla's Board of Directors, will purchase up to $1 million of common stock.

Goldman Sachs & Co. LLC and Morgan Stanley are acting as lead joint book-running managers for the offering, with Barclays, BofA Securities, Citigroup, Credit Suisse, Deutsche Bank Securities, and Wells Fargo Securities acting as additional book-running managers, and Societe Generale acting as co-manager.

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