Tesla Announced Additional Stock for 2 Billion Dollars
OREANDA-NEWS. American electric vehicle and clean energy company Tesla announced an additional issue of shares approximately 2 billion US dollars worth. Estimated offer price is 767.29 dollars per one share.
Goldman Sachs and Morgan Stanley underwriters will have a 30-day option to buy shares for 300 million dollars. Thus, the total size of the additional offer may amount 2.3 billion dollars.
Company founder Elon Musk intends to buy securities in the amount of 10 million. Board member Larry Ellison is going to purchase them to the sum of up to 1 million dollars.After the news, Tesla shares fell at the premarket by 5.8 %, to 722.79 dollars. Since the beginning of the year, quote of the manufacturer of electric cars have increased by 131.6 %.