Tesla Motors, Inc.
TSLA announced today that it has priced and fully allocated
its follow-on offering of 6,925,740 shares of common stock at a price
to the public of $28.25 per share. In addition, Tesla has granted the
underwriter a 30-day option to purchase up to an additional 1,038,861
shares of common stock. All shares are being offered by Tesla. The
closing of the offering is expected to take place on or about October
3, 2012, subject to customary closing conditions.
Additionally, as part of the offering, Elon Musk, Tesla's Chief
Executive Officer and cofounder, has indicated that he will purchase
up to 35,398 shares of common stock at the public offering price for
an aggregate purchase price of approximately $1 million.
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