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Tesla Motors Inc Raises More Than $1 Billion From Debt, Equity-Reuters


Friday, 17 May 2013 01:30am EDT 

Reuters reported that Tesla Motors Inc has upsized its debt and equity offerings, as the electric car maker capitalizes on surging investor demand to raise more than $1 billion in cash. The Company increased the size of the convertible bond offering to $600 million, after increasing it earlier that day to $525 million from an initial $450 million. Meanwhile on May 17th Tesla finalized a per share price of $92.24 for the sale of 3.39 million common stock shares. It had originally planned to offer 2.7 million shares. With overallotment options included on both offerings, total fundraising is $1.02 billion.