Tesla (TSLA) files to offer 2,723,198 Shares; $1.35B in Conv Notes, Musk to Buy ~42K Shares
- Stocks face worst month since September, yen swings after BoJ
- Microsoft fiscal Q3 results top estimates as AI revolution spurs cloud growth
- Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
- Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short
- Oil prices on track to snap two-week losing streak
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Macquarie Reiterates Outperform Rating on Tesla (TSLA)
May 6, 2019 7:22 AM EDTMacquarie 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 EDTNomura/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 EDTTesla'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%.
... MoreTesla (TSLA) Confirms $650 Million Offerings of Common Stock and $1.35 Billion Convertible Senior Notes
May 2, 2019 7:47 AM EDTTesla, 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