Tesla (TSLA) to Offer $2B of Common Stock
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Tesla Motors (TSLA): Baird Positive on Equity Raise
May 19, 2016 6:40 AM EDTBaird analyst, Ben Kallo, sees Tesla's (NASDAQ: TSLA) capital raise as positive because it removes the largest objection for new buyers and the "loudest" short story, while providing substantial growth capital. No change to Outperform rating or $338 PT.
TSLA announced it... More
Tesla (TSLA) Announces $2B Common Stock Offering; CEO Musk to Increase Holding
May 18, 2016 4:52 PM EDTTesla (Nasdaq: TSLA) announced an underwritten registered public offering of about $2 billion of common stock. Tesla is offering about $1.4 billion of shares with the remaining shares to be sold by Elon Musk to cover tax obligations associated with his concurrent exercise of more than 5.5 million stock options. On a net basis, Mr. Musk will increase his overall Tesla shareholdings through these transactions.
Capital supports accelerated ramp of Model 3 Because of the overwhelming demand that it has received for Model 3, Tesla intends to use the net proceeds from this offering to... More
Tesla (TSLA) Files to Offer 9.58M Common Stock
May 18, 2016 4:18 PM EDTTesla (NASDAQ: TSLA) filed a registration with the U.S. SEC to sell up to 9,577,901 shares of its common stock. Tesla will offer 6,800,000 shares and a selling shareholder will offer the remaining 2,777,901 shares.
... More