Tesla investors who got in on Thursday’s share sale received the steepest discount Tesla has offered in its 10-year history as a public company.
Tesla Inc. investors who got in on Thursday’s share sale received the steepest discount the electric car maker has offered in its 10-year history as a public company.at $767 per share, 4.6% below Thursday’s closing price. That discount is over 10 times larger than Tesla’s last secondary offering in May, and quintuples the average discount given across its seven prior share sales.
. But Elon Musk probably isn’t losing any sleep over the matter, as the price per share was still more than double any of the company’s prior equity raises.Six of Tesla’s previous secondary offerings -- conducted between 2011 and 2019 -- were priced at discounts below 1%. The bullish bidding helped Tesla fuel a
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla seeks to tap into stock surge with $2 billion share saleTesla plans a $2 billion offering amid a stock boom despite CEO Elon Musk telling investors that the company didn't need Wall Street's help
Read more »
Tesla seeks to tap into stock surge with $2 billion share saleTesla Inc on Thursday announced plans to raise $2 billion (£1.54 billion) in a s...
Read more »
Tesla prices its secondary offering at $767 a share
Read more »
Tesla shares fall after company announces $2 billion common stock offeringTesla will offer $2 billion of common stock, with Elon Musk buying as much as $10 million. Shares of $TSLA slid in premarket trading following the announcement.
Read more »
Stock market live updates: Dow futures drop 200, all eyes on TeslaLive updates of what's moving the market, including the latest on the coronavirus, Tesla and Cisco Systems.
Read more »
Stock market live updates: Dow futures negative, Tesla volatile again, Nvidia soarsLive updates of what's moving the market, including the latest on Tesla and the coronavirus.
Read more »