9 years ago
Tesla raised a whopping $738 million in its stock sale
Tesla’s underwriters bought up all possible extra shares in the deal, boosting the amount of money the electric carmaker raised. Tesla raised $738 million from a stock sale, which closed on Wednesday, according to a regulatory filing, far exceeding the electric carmaker’s original estimates. The company originally was looking to raise closer to $500 million last week, and then boosted that number to about $650 million a day later by agreeing to sell more shares.
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