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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Tesla Inc | NASDAQ:TSLA | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.13 | 0.63% | 181.14 | 181.13 | 181.15 | 184.78 | 178.43 | 182.10 | 75,214,111 | 21:23:31 |
From May 2019 to May 2024
Tesla Motors Inc. announced plans to offer about $2 billion of stock, the proceeds from which will help to cover production costs for the newly revealed Model 3 and tax obligations for Chief Executive Elon Musk.
Tesla is offering about $1.4 billion of shares, with the remaining shares to be sold by Mr. Musk to cover the tax bill from his exercising of more than 5.5 million stock options.
Following the transactions, Mr. Musk will increase his overall holdings of Tesla stock.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
May 18, 2016 16:55 ET (20:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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