(Bloomberg) — Tesla Inc. plans to offer about $2 billion of common stock as Elon Musk takes advantage of the electric-car maker’s surging shares.Assuming underwriters exercise their option to purchase additional securities, the offering could bring in about $2.3 billion in proceeds, Tesla said in a statement. Less than an hour earlier, the company forecast as much as $3.5 billion in capital expenditures this year, as Musk rushes to bring new models to market, ramp up its first overseas assembly plant and start building another.Tesla shares fell as much as 7.2% after announcing the offering and traded down 4.5% to …read more
Source:: Yahoo Finance
