The Traderszone Network

Published in TZ Latest News 17 March, 2017 by The TZ Newswire Staff

Tesla, Inc. Raises $1.2 Billion in Offerings

Electric-car maker Tesla (NASDAQ: TSLA) priced its concurrent stock and convertible note offerings last night, and the total capital raised came in at $1.2 billion, slightly higher than the $1.15 billion that Tesla had previously expected even after a 15% underwriter option. That $1.2 billion is the gross amount raised before factoring in underwriting discounts and other costs associated with the offering, some of which are not insignificant.

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