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Tesla Motors to sell additional $500 million worth of stock
Extremely important disclosure: I don't own any, at least not that I know of. I.e., it could be a holding of a mutual fund that I have, and I don't know about it. This is not a solicitation to buy or sell securities.
Tesla Motors to sell additional $500 million worth of stock
By James F. Peltz
August 13, 2015, 8:27 AM
Tesla Motors Inc. said Thursday it plans to sell an additional $500 million worth of stock to help fund its current projects, including new-car development and a battery plant being built in Nevada..
The Palo Alto-based maker of electric cars also said its billionaire chief executive, Elon Musk, plans to buy $20 million worth of the shares being offered.
Tesla's existing stock jumped nearly 3% after the announcement, gaining $6.98 to $245.15 a share in morning trading on Wall Street.
August 13, 2015, 8:27 AM
Tesla Motors Inc. said Thursday it plans to sell an additional $500 million worth of stock to help fund its current projects, including new-car development and a battery plant being built in Nevada..
The Palo Alto-based maker of electric cars also said its billionaire chief executive, Elon Musk, plans to buy $20 million worth of the shares being offered.
Tesla's existing stock jumped nearly 3% after the announcement, gaining $6.98 to $245.15 a share in morning trading on Wall Street.
