Tesla Motors Announces Follow-on Offering
PALO ALTO, CA -- (Marketwire) -- 09/25/12 -- Tesla Motors, Inc.
(NASDAQ: TSLA) announced today a follow-on offering of 4,344,930
shares of its common stock. All 4,344,930 shares are being offered by
the company. In addition, the company has granted the underwriter a
30-day option to purchase up to an additional 651,740 shares of
Additionally, as a part of this offering, Elon Musk, Tesla's Chief
Executive Officer and cofounder, has indicated a preliminary interest
in purchasing shares of common stock at the public offering price for
an aggregate purchase price of up to approximately $1 million.
Tesla Motors intends to use the net proceeds from this offering for
general corporate purposes.
Goldman, Sachs & Co. is acting as sole book-running manager for this
The offering of these securities will be made only by means of a
prospectus supplement and the accompanying prospectus, copies of
which may be obtained from Goldman, Sachs & Co., via telephone: (866)
471-2526; facsimile: (212) 902-9316; email:
email@example.com; or standard mail at Goldman, Sachs &
Co., Attn: Prospectus Department, 200 West Street, New York, NY
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
Tesla's goal is to accelerate the world's transition to electric
mobility. Palo Alto, California-based Tesla designs and manufactures
EVs and EV power train components for partners such as Toyota and
Daimler. Tesla has delivered more than 2,350 Roadsters to customers
worldwide. Model S, the first premium sedan to be built from the
ground up as an electric vehicle, began deliveries in June 2012.
For additional information, please visit http://ir.teslamotors.com.
Investor Relations Contact:
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