Tesla on Thursday filed for a capital raise, disclosing its intent to sell both common stock and convertible notes:
Tesla Inc. on Thursday filed for a capital raise, disclosing its intent to sell both common stock and convertible notes. Shares were up 5.6% in active premarket trading.
Based on the stock’s closing price of $238.69 on April 30, as noted in the filing, the stock offering could raise $650 million. The stock closed Wednesday at $234.01, the lowest closing price since Jan. 12, 2017. Tesla lists Goldman Sachs Group Inc. GS, +0.20% and Citigroup Inc. C, +0.03% units as the lead underwriters on the offerings
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