Tesla said Friday it will boost the size of its stock and bond offering that electric car maker announced a day before and that CEO Elon Musk will now buy even more stock in the offering.
The company will now sell 3.1 million shares, up from 2.7 million previously and boost its convertible notes offering to $1.6 billion, according to filings. Musk will now purchase up to 102,880 shares in stock worth $25 million, more than double his previous indication to buy 41,896 shares.
Submitted May 03, 2019 at 07:40AM by coolcomfort123 http://bit.ly/2UWXcV0
