Tesla is going back to the markets to raise more than $2 billion through stock offering
https://techcrunch.com/2020/02/13/tesla-is-going-back-to-the-markets-to-raise-2-billion-through-stock-offering/
Tesla said Thursday it plans to raise more than $2 billion through a common stock offering and will use the funds to strengthen its balance sheet and for general corporate purposes, despite signaling just two weeks ago that it would not seek to raise more cash.
Tesla CEO Elon Musk will purchase up to $10 million in shares in the offering, while Oracle co-founder and Tesla board member Larry Ellison will buy up to $1 million worth of Tesla shares, according to the securities filing.
Tesla is going back to the markets to raise more than $2 billion through stock offering
Feb 13, 2020, 4:17pm UTC
https://techcrunch.com/2020/02/13/tesla-is-going-back-to-the-markets-to-raise-2-billion-through-stock-offering/
> Tesla said Thursday it plans to raise more than $2 billion through a common stock offering and will use the funds to strengthen its balance sheet and for general corporate purposes, despite signaling just two weeks ago that it would not seek to raise more cash.
> Tesla CEO Elon Musk will purchase up to $10 million in shares in the offering, while Oracle co-founder and Tesla board member Larry Ellison will buy up to $1 million worth of Tesla shares, according to the securities filing.