stock offering Stories May 25, 2016

Just a week ago, Tesla (TSLA) announced a new public stock offering to raise between $1.4 billion to $1.7 billion – depending on the underwriters exercising their option to purchase additional shares – in order to finance its ambitious Model 3 production program.

In a SEC filing today, Tesla confirmed having closed the offering and that the net proceeds were “approximately $1.7 billion, after deducting underwriting discounts and commissions and estimated offering expenses.” expand full story

stock offering Stories August 20, 2015

Tesla closed its stock offering – expects $738.3 million in net proceeds

Last week, Tesla announced a secondary stock offering to try to raise $500 million. Last night, the company released a SEC filing to disclose the closing of the stock offering, and they expect net proceeds (after commissions) to reach $738.3 million, or 47% higher than originally anticipated.

stock offering Stories August 13, 2015

Tesla Motors sent out a press release this morning to announce a $500 million public stock offering. During the conference call discussing their second quarter financial results earlier this month, Elon Musk, Tesla’s CEO, let analysts know that the company didn’t need to raise money, but it could be a good idea to do it anyway in order to mitigate risk as the company increases its capital expenditure, which they think could reach $1.5 billion this year.

The company intends to use the money from the offering for “the growth of its stores, service centers, Supercharger network and the Tesla Energy business, and for the development and production of Model 3, the development of the Tesla Gigafactory, and other general corporate purposes.”

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