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May 18, 2016 08:43 pm GMT

Tesla is selling $2 billion in stock to fuel Model 3 production

Model S Update - 3Tesla — with a significant chunk contributed by Elon Musk — is selling around$2 billion worth of stock in an equity offering in order to accelerate production of the Model 3, according toa regulatory filing filed today. The company is selling6.8 million shares in the stock offering, which at its current price of around $205 amounts to roughly $1.4 billion. Musk is selling… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/51oNSjhiq-c/

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