Top Stories

Tesla prices its secondary offering at $767 a share

0


Elon Musk, chief executive officer of Tesla Inc., speaks during a ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020.

Qilai Shen | Bloomberg | Getty Images

Tesla priced its secondary common stock offering at $767 a share, raising more than $2 billion, the company said on Friday. The move will likely largely be seen as a success since that is only a slight discount to its previous closing price.

The company said on Friday it will sell 2.65 million shares at that price, which is a 4.6% discount to its Thursday close. CEO Elon Musk will buy $10 million and Oracle billionaire Larry Ellison will purchase $1 million worth in the offering, the company said.

Shares of…



Source cnbc.com

Trump Fed nominee Judy Shelton hammered by Dems at confirmation hearing

Previous article

Mastercard is pioneering new payment technology that identifies commuters by the way they walk

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories