Tesla Stock Offering Priced at $767 a Share

Date : 02/14/2020 @ 2:33PM
Source : Dow Jones News
Stock : Tesla Inc (TSLA)
Quote : 480.01  25.54 (5.62%) @ 5:00AM
Tesla share price Chart
After Hours
Last Trade
Last $ 475.00 ▼ -5.01 (-1.04%)

Tesla Stock Offering Priced at $767 a Share

Tesla (NASDAQ:TSLA)
Historical Stock Chart

2 Months : From Feb 2020 to Apr 2020

Click Here for more Tesla Charts.

By Allison Prang

Tesla Inc. is pricing its stock offering at $767 a share, the company said in a regulatory filing Friday.

The price of the electric-car company's offering, which could raise a little more than $2 billion, is lower than the $804 a share the stock closed at Thursday, the day the company announced the offering. Shares climbed 4.8% on Thursday, up from $767.29 a share a day earlier.

The company's offering could bring in proceeds of about $2.01 billion, after an underwriting discount, according to Tesla's Friday filing. The raise could increase by about $300 million if underwriters exercise their option to purchase additional shares.

Tesla Chief Executive Elon Musk -- who in January said it didn't make sense for Tesla to raise money -- is buying as much as $10 million worth of shares as part of this stock offering.

Shares of Tesla fell 2.4% in premarket trading.

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

February 14, 2020 09:18 ET (14:18 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest TSLA Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200404 09:49:13