Tesla (TSLA) Prices Follow-On Offering of 5.3M Shares at $28.76/Share

June 3, 2011 8:02 AM EDT
Tesla (Nasdaq: TSLA) prices its follow-on offering of 5.3 million shares at $28.76 per share.

Tesla granted underwriters a 30-day option to purchase up to an additional 795,000 shares.

The company's CEO, Elon Musk, said he plans to purchase 1.416 million shares at the public offering price. Blackstar Investco , an affiliate of Daimler, will buy up to 637,475 shares.


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