Tesla Motors (TSLA) filed an automatic shelf registration

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Barclays Lifts PT on Tesla (TSLA) to $90 as Cash Raises Probability of Move to 'Mass Affluent'; 'Mass Market' Could Get Stock to $137

May 16, 2013 1:30 PM EDT

Barclays analyst Brian Johnson raised his price target on Overweight-rated Tesla Motors (NASDAQ: TSLA) from $72 to $90 Thursday, following the capital raise, saying the injection increases the probability of moving from niche luxury (Model S/X) to mass affluent (Gen III).

"We now see a higher probability of Tesla moving from a niche luxury (Model S/X) to mass affluent (Gen III) OEM given the reduced... More

Tesla Motors (TSLA) to Offer 2.7M Common, $450M Convertible Senior Notes

May 15, 2013 4:20 PM EDT

On May 14, 2013, Tesla Motors, Inc. (Nasdaq: TSLA) entered into a Limited Consent and Amendment (the Amendment) to the Loan Arrangement and Reimbursement Agreement between the Company and the U.S. Department of Energy (the DOE) dated as of January 20, 2010, as amended, that, among other things, amends the Loan Arrangement and Reimbursement Agreement to permit the Company to issue convertible senior notes to fund the early repayment of the DOE loan.

On May 15, 2013, the Company issued a press release announcing the concurrent public offerings of approximately 2.7 million shares of common stock and $450 million aggregate principal... More