Tesla Raising $234M in Share Sale
Raising capital to develop its new Model X crossover vehicle, Tesla Motors said it will sell 5.3 million shares in an offering the company priced at $28.76, equal to the stock's most recent closing price, Reuters reported. Chief Executive Elon Musk will buy 1.42 million shares in the offering. Daimler affiliate Blackstar Investco will buy 637,475 shares.
Bycnolan
3 June 2011•1 min read
