Tesla announced plans for additional issue of securities in the amount of $ 2 billion. Subject to successful placement of the banks underwriters Goldman Sachs and Morgan Stanley will be a 30-day option to purchase shares for another $ 300 million. Thus, the total amount of additional accommodation may amount to $ 2.3 billion.
Elon Musk has stated his desire to redeem from this issue of the paper for 10 million dollars. Also a million dollars of stock to buy a Tesla Board member, Larry Ellison.
In premarket trading after the news, the shares of Tesla fell 5.8%. With the beginning of the year quotations of the manufacturer of electric cars rose by of 131.6%.
the Message on the additional issue of shares appeared two weeks after CEO Elon Musk announced the lack of plans for raising capital. Tesla will not attract capital, and focus on reducing the cost of the batteries, told CNBC.
the Company plans to build and begin production of cars at the plant near Berlin by the end of 2021. In addition, the company builds the plant in Shanghai and a network of charging stations in China.
Refinitiv Surveyed analysts expect a drop of Tesla stock by 38%, to 457 USD per share. Nine experts suggest the purchase of shares, 11 is recommended to keep paper in bag, 15 to sell.
