Tesla (TSLA) Announces Offering of $2 Billion of Common Stock
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Tesla Announces Offering of Common Stock
February 13, 2020 7:46 AM ESTPALO ALTO, Calif., Feb. 13, 2020 (GLOBE NEWSWIRE) -- Tesla, Inc. (Tesla) today announced that it intends to offer approximately $2 billion of common stock in an underwritten registered public offering. Tesla has also granted the underwriters a 30-day option to purchase up to approximately $300 million of additional common stock.
Elon Musk, Teslas CEO, will participate by purchasing up to $10 million of common stock in this offering. In addition, Larry Ellison, a member of Teslas Board of Directors, will purchase up to $1 million of common stock.
The aggregate gross proceeds of the offering, assuming full exercise by the... More
