Tesla (TSLA) files to offer 2,723,198 Shares; $1.35B in Conv Notes, Musk to Buy ~42K Shares

May 2, 2019 7:31 AM EDT

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(Updated - May 2, 2019 7:33 AM EDT)

Tesla (NASDAQ: TSLA) files to offer 2,723,198 Shares.

Mr. Elon Musk, our Chief Executive Officer, has indicated his preliminary interest in purchasing up to 41,896 shares of our common stock for a purchase price of approximately $10.0 million in this offering at the public offering price.

Concurrently with this offering of common stock and pursuant to a separate prospectus supplement, we are offering % convertible senior notes due 2024, or the notes, to the public in an aggregate principal amount of $1.35 billion (or $1.55 billion if the underwriters for the concurrent convertible notes offering exercise in full their option to purchase additional notes). The closing of this offering of common stock is not contingent upon the closing of the concurrent convertible notes offering, and the closing of the concurrent convertible notes offering is not contingent upon the closing of this offering of common stock.

Goldman Sachs, Citigroup, BofA, Deutsche Bank, Morgan Stanley, Credit Suisse, Soc Gen and Wells Fargo will be handling the offering.

Link to Preliminary Prospectus Supplement



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