Tesla Raises $2.31 Billion in Its Stock Offering
Tesla (NASDAQ: TSLA) surprised investors earlier this month when the electric-car company announced it would raise capital -- just two weeks after management said it didn't make sense to do so. Apparently, a 30% increase in the company's stock price in the days following Tesla's better-than-expected fourth-quarter results changed management's mind.
On Wednesday, Tesla said in a filing with the Securities and Exchange Commission (SEC) that the company has concluded the offering successfully, with underwriters even exercising their option to purchase additional shares.
Image source: Tesla.
Source Fool.com
