Tesla has raised its upcoming $500m share sale to $642.5m. The company said it would raise the money by selling shares in a new public offering of stock that will be listed on Nasdaq and trade under ticker symbol TSLA. "Tesla"s (offering), combined with existing credit lines, will provide the company with more than enough cash for operational purposes into 2016," S&P Capital IQ analyst Efraim Levy said late on Thursday.
Tesla has raised its upcoming $500m share sale to $642.5m. 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 2016," S&P Capital IQ analyst Efraim Levy said late on Thursday.