The company said on Friday it would offer about 2.7 million shares at $242 per share, a slight discount to Thursday's close of $242.51. Tesla has raised its upcoming $ 500 per share sale to $ 642.5 m . The company announced on Friday that it would increase its offering to 2.7 million shares at $ 242 per share . " Tesla"s ( offering ) , combined with existing product lines , will provide the company with more than enough cash for operational purposes into 2016 , " S&P Capital IQ Chairman Efraim Cohen said late on Friday .
Tesla has raised its upcoming $ 500 per share sale to $ 642.5 m . The company announced on Friday that it would increase its offering to 2.7 million shares at $ 242 per share . " Tesla"s ( offering ) , combined with existing product lines , will provide the company with more than enough cash for operational purposes into 2016 , " S&P Capital IQ Chairman Efraim Cohen said late on Friday .