https://wccftech.com/tesla-to-sell-2-billion-worth-of-stock-musk-to-buy-up-to-10-million-worth-of-shares/

After witnessing both Citigroup and JPMorgan increase their shareholding in it, and having a great run on the stock market, electric vehicle and energy storage products manufacturer Tesla Inc (NASDAQ:TSLA) has announced today that it will roughly $2 billion worth of stock through an underwritten registered public offering. Total shares offered amount to 2.65 million and at the time of writing, Tesla has 187 million total shares outstanding.

In a press release, the automaker also announces that not only will it offer $2 billion worth of additional shares for sale, but its underwriters also have the option to purchase an additional $300 million worth of stock within 30-days. The company's underwriters for this offering are Goldman Sachs and Morgan Stanley as book-runners and Bank of America, Citigroup, Credit Suisse, Deutsche Bank and Wells Fargo as additional book-runners.