Tesla To Boost Production With $642 Mil Stock Offer

By | August 14, 2015

Scalper1 News

Luxury electric-car maker Tesla Motors (TSLA) will pocket $642.5 million in a stock offering to accelerate production of its upcoming Model 3, the development of its Gigafactory battery plant, and the expansion of its car-charging network. Tesla raised its offering on Friday, up from the $500 million it previously planned to raise. Tesla will offer 2.7 million shares at $242 a share. Tesla stock was flat, near 242, in afternoon trading on the Scalper1 News

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