Tesla Closes $2.7 Billion Mixed Offering Of Shares, Debt - FbiCables Network | The News that Shapes World Opinion

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Wednesday, May 08, 2019

Tesla Closes $2.7 Billion Mixed Offering Of Shares, Debt


FILE PHOTO: A Tesla logo is seen in Los Angeles
FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo
May 8, 2019
(Reuters) – Tesla Inc said on Wednesday it closed its $2.7 billion offering of stock and convertible notes and that it was over-subscribed, giving the electric carmaker much needed cash as it ramps up production.
Tesla sold about $860 million in shares and $1.84 billion in debt, after the underwriters exercised their option to buy 15 percent in each offering.
Shares of the company were down 0.8 percent at $245.20 in trading before the bell.

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