“This is a public offering of shares of common stock of Tesla, Inc.
Tesla is offering all of the shares to be sold in the offering.
Our common stock is traded on the Nasdaq Global Select Market under the symbol “TSLA.” The last reported sale price of our common stock on April 30, 2019, as reported on Nasdaq, was $238.69 per share.
Mr. Elon Musk, our Chief Executive Officer, has indicated his preliminary interest in purchasing up to 41,896 shares of our common stock for a purchase price of approximately $10.0 million in this offering at the public offering price.
Concurrently with this offering of common stock and pursuant to a separate prospectus supplement, we are offering % convertible senior notes due 2024, or the notes, to the public in an aggregate principal amount of $1.35 billion (or $1.55 billion if the underwriters for the concurrent convertible notes offering exercise in full their option to purchase additional notes). The closing of this offering of common stock is not contingent upon the closing of the concurrent convertible notes offering, and the closing of the concurrent convertible notes offering is not contingent upon the closing of this offering of common stock.
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Tesla, Inc., a Delaware corporation
2,723,198 shares (or 3,131,677 shares if the underwriters exercise their option to purchase additional shares in full).
176,405,175 shares (or 176,813,654 shares if the underwriters exercise their option to purchase additional shares in full).
We expect to receive net proceeds from this offering of approximately $642.3 million (or approximately $738.7 million if the underwriters exercise their option to purchase additional shares in full) after deducting the underwriting discounts and our estimated offering expenses. The estimated net proceeds are based on the assumed public offering price of $238.69 per share, which was the last reported sale price of our common stock on April 30, 2019. In addition, concurrently with this underwritten common stock offering, we are offering $1.35 billion aggregate principal amount of % convertible senior notes due 2024 ($1.55 billion if the underwriters exercise their option in full to purchase additional notes) pursuant to a separate prospectus supplement in an underwritten public offering. Through this common stock offering and our concurrent convertible notes offering we expect to receive net proceeds of approximately
$2.0 billion (up to $2.3 billion if the underwriters exercise their options in full to purchase additional common stock and notes) after deducting the underwriting discount and our estimated offering expenses.”
I may be bragging but just earlier today I was thinking (I posted also here) that they should raise $2B in convertibles.. this is at least 3/4th correct!! Good move to get this behind.
