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Tesla (TSLA) closed its stock offering with $1.7 billion in net proceeds to finance the...

Discussion in 'News from Electrek.co' started by RSSFeed, May 25, 2016.

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    Just a week ago, Tesla (TSLA) announced a new public stock offering to raise between $1.4 billion to $1.7 billion – depending on the underwriters exercising their option to purchase additional shares – in order to finance its ambitious Model 3 production program.

    In a SEC filing today, Tesla confirmed having closed the offering and that the net proceeds were “approximately $1.7 billion, after deducting underwriting discounts and commissions and estimated offering expenses.” more…

    Filed under: Cars, Tesla Tagged: Model 3, stock offering, Tesla, Tesla Model 3, Tesla stock, TSLA [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG][​IMG]

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