Tesla Motors Raises Offering to About 2.7 Million Shares
Tesla Boosts Common Stock Offering to 2.695M Shares
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Tesla Motors Inc. boosted its stock offering to about 2.7 million shares from 2.1 million, giving itself a bit more breathing room as it prepares to start selling its Model X sport utility vehicle.
The maximum offering price was set at $242, to raise about $642 million, the company said in a regulatory filing on Friday. The underwriters will have the option for an additional 404,239 shares, Tesla said.