Tesla Inc. has completed a $2.35 billion stock and bond sale, giving the company a much-needed boost of liquidity as it continues its quest to become the...
Tesla Inc. has completed a $2.35 billion stock and bond sale, giving the company a much-needed boost of liquidity as it continues its quest to become the first mass producer of electric cars.
Meeting solid demand from investors, Tesla TSLA, +4.48% was able to increase the size of its convertible bond offering by $250 million to $1.6 billion. It also raised roughly $750 million from its sale of nearly 3.1 million common shares at $243 a share—around $100 million more than originally anticipated, not including expenses related to the sale.
The company could ultimately raise as much as $2.7 billion if underwriters exercise options to purchase additional shares and bonds, the company said in a filing with the Securities and Exchange Commission.We Want to Hear from You Join the conversation
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