Tesla Motors Announces New Stock Sale Of $500 Million

Tesla Motors, Palo Alto, California

It had to come, and it did: Tesla Motors is selling more stock to bolster its cash position as it prepares to launch its second high-volume electric car. The California company announced this morning it would offer $500 million in new common stock And, the company noted, CEO Elon Musk “intends to purchase $20 million of common stock in this… …read more