As Tesla Spends, Stock Offering To Hit $738.5 Million

By | August 19, 2015

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There’s strong demand showing for Tesla Motors ‘ (TSLA) new stock, even as its existing stock has wavered. The luxury electric car maker said late Wednesday in a Securities and Exchange Commission filing that it expects net proceeds of $738.3 million from its stock offering that closed Wednesday. It set up the stock issuance in order to step up the pace of car development, along with its charging network and battery factory. Showing interest in Scalper1 News

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