Home / car price / Tesla sold $2 billion of stock in May 2016, including $600 million of shares.

Tesla sold $2 billion of stock in May 2016, including $600 million of shares.

“If anything, we would not be surprised to see a $2.5 billion raise instead of the $1.5 billion equity raise currently reflected in our model,” Johnson said in a Feb. 22 report.
The offering comes just 10 months after Tesla sold $2 billion of stock in May 2016, including $600 million of shares from Musk’s holdings.
Tesla said last month that capital expenditures this year would be $2.5 billion.
The fundraising comes months ahead of the announced July start of production of the Model 3 sedan that Tesla has priced from $35,000.
Musk, a billionaire who co-founded the clean transportation and energy company and also leads SpaceX, will purchase $25 million of the new shares, the company said.

Tesla

according to Tesla plans to raise $1.15 billion through a sale of common stock and convertible senior notes in an effort to raise enough cash to support the launch of its new mass market Model 3 vehicle.
Musk even alluded to a capital raise during a quarterly earnings call with analysts in February.
Analysts and industry watchers have been predicting that Tesla would go to market to raise cash.
If underwriters exercise their option to purchase additional shares in full, the total raise would be $1.15 billion.
When asked if the run up to the Model 3 would lead to a capital raise, Musk noted that raising capital could reduce risk for shareholders.
Tesla

according to Formerly Tesla Motors before changing its name to reflect its transition into a clean energy company, Tesla is once again turning to investors for fresh capital.
Some analysts even predicted that Tesla would be looking to raise funds of as much as $2.5 billion.
AdvertisementTesla is looking to raise additional funding to the tune of up to $1.15 billion, as the company prepares for the arrival of its mass-market electric vehicle, the Model 3.
Tesla CEO and founder Elon Musk will be participating in the offering by purchasing $25 million of the common stock offered.
Tesla Looks To Raise Up To $1.15 BillionAccording to Tesla’s announcement, the company is offering $250 million of common stock and $750 million aggregate principal amount of convertible senior notes due 2022, in simultaneous underwritten public offerings for a total of $1 billion.

collected by Emily Jack

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