Jun 3, 2011
Tesla Motors, Inc. (NASDAQ:TSLA) announced today it has priced and fully allocated its follow-on offering of 5.3 million shares of common stock at $28.76 per share, the closing price of the stock on June 2, 2011.
The company has granted the underwriters a 30-day option to purchase up to an additional 795,000 shares at the offering price.
Tesla offered all 5.3 million shares. Two additional private placements are occurring concurrently with the offering.
Tesla's CEO, Elon Musk, is purchasing 1.416 million shares of common stock directly from the company at the offering price, and Blackstar Investco LLC, an affiliate of Daimler AG, is purchasing up to 637,475 shares directly from the company, also at the public offering price.
Goldman Sachs acted as the sole underwriter for the follow-on public offering.
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