S&P Capital IQ has raised its upcoming $ 642.5 m share sale to $ 242 m. The automaker said on Thursday it would sell 2.1 million shares. The company said on Friday that it would increase its offering to 2.7 million shares at $ 242 per share. "Tesla"s (offering), combined with existing credit lines, will provide the company with more than enough cash for operational purposes into Thursday ," Tesla analyst Efraim Levy said late on Thursday .
S&P Capital IQ has raised its upcoming $ 642.5 m share sale to $ 242 m. The company said on Friday that it would increase its offering to 2.7 million shares at $ 242 per share. "Tesla"s (offering), combined with existing credit lines, will provide the company with more than enough cash for operational purposes into Thursday ," Tesla analyst Efraim Levy said late on Thursday .