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

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

Macquarie Reiterates Outperform Rating on Tesla (TSLA)

May 6, 2019 7:22 AM EDT

Macquarie analyst, Maynard Um, reiterated an Outperform rating and $400.00 price target on Tesla (NASDAQ: TSLA) following the company's earnings call.

On its earnings call last week, FCA indicated that it entered into various agreements" in the quarter to ensure that the company has... More

Nomura/Instinet Reiterates Neutral Rating on Tesla (TSLA)

May 3, 2019 7:22 AM EDT

Nomura/Instinet analyst Christopher Eberle reiterated a Neutral rating and $300.00 price target on Tesla (NASDAQ: TSLA) after the company filed a mixed shelf registration. Management also announced an equity offering of 2.7mn common shares and approximately $1.3bn worth of convertible bonds due in 2024.

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Tesla (TSLA) $650M Common Stock Offering Seen Pricing Tonight for 5/3 Trading - Source

May 2, 2019 10:00 AM EDT

Tesla's (NASDAQ: TSLA) $650 million common stock offering is seen pricing tonight and trading on Friday, May 3, according to a source. There is currently no price indication.

Meanwhile, the convertible offering is said to have a coupon range of 1.5-2%.

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Tesla (TSLA) Confirms $650 Million Offerings of Common Stock and $1.35 Billion Convertible Senior Notes

May 2, 2019 7:47 AM EDT

Tesla, Inc. today announced offerings of $650 million of common stock and $1,350 million aggregate principal amount of convertible senior notes due in 2024 in concurrent underwritten registered public offerings. In addition, Tesla has granted the underwriters a 30-day option to purchase up to an additional 15% of each offering. Elon Musk, Teslas CEO, will participate by purchasing $10 million of common stock.

The aggregate gross proceeds of the offerings, assuming full... More