Electric car company Tesla Motors Inc (NASDAQ:TSLA) is trying to ride on the stock’s recent performance by raising more money, offering new common and convertible shares.
Elon Musk, Tesla Motors Inc (NASDAQ:TSLA)’s Chief Executive Officer and cofounder, also intends to purchase shares of common stock at the same public price for an aggregate purchase price of $100 million. Out of this amount, roughly $45 million would be purchased in the common stock offering, while approximately $55 million would be purchased directly from Tesla Motors Inc (NASDAQ:TSLA).
The direct purchase offering would...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
