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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.27 | -0.75% | 168.91 | 168.00 | 169.16 | 172.12 | 166.3701 | 168.85 | 109,837,539 | 05:00:04 |
From Apr 2019 to Apr 2024
By Chris Wack
Tesla Inc. said Thursday it intends to offer about $2 billion of common stock in an underwritten registered public offering.
The company said it has granted the underwriters a 30-day option to purchase up to $300 million of additional common stock.
Tesla said Chief Executive Elon Musk will participate by purchasing up to $10 million of common stock in the offering, and board member Larry Ellison will purchase up to $1 million of stock.
The company said proceeds of the offering, assuming full exercise by the underwriters of their option to purchase additional securities, would be about $2.3 billion.
Tesla said it intends to use the net proceeds from the offering to further strengthen its balance sheet, as well as for general corporate purposes.
Tesla shares were down 4% to $738.11 in premarket trading.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 13, 2020 08:09 ET (13:09 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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