Historical Stock Chart
2 Months : From Feb 2020 to Apr 2020
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.
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(END) Dow Jones Newswires
February 14, 2020 09:18 ET (14:18 GMT)
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