Tesla plans second stock offering to raise more than $2B

United Press International (UPI) | Feb 14, 2020 at 2:37 PM
  • Musk is interested in buying more than 13,000 shares worth $10 million, and Oracle co-founder Larry Ellison will buy 1,300 shares worth $1 million, the filing noted.
  • Tesla’s secondary offer is being underwritten by Goldman Sachs and Morgan Stanley and each will have 30 days to buy another $300 million in shares.
  • Tesla shares have grown in value by more than 75 percent since the start of 2020.