Panasonic buys common stock at 1.22% discount to Nov. 1 closing price
By Devika Patel
Knoxville, Tenn., Nov. 4 - Tesla Motors Inc. completed a private placement of stock with Panasonic Corp. on Nov. 2, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1,418,573 common shares at $21.148 per share for $30 million. The price per share reflects a 1.22% discount to the Nov. 1 closing share price of $21.41.
Based in Palo Alto, Calif., Tesla designs, develops, manufactures and sells fully electric vehicles and electric vehicle powertrain components.
| Issuer: | Tesla Motors Inc.
|
| Issue: | Common stock
|
| Amount: | $30 million
|
| Shares: | 1,418,573
|
| Price: | $21.148
|
| Warrants: | No
|
| Investor: | Panasonic Corp.
|
| Settlement date: | Nov. 2
|
| Stock symbol: | Nasdaq: TSLA
|
| Stock price: | $21.25 at close Nov. 2
|
| Market capitalization: | $2.32 billion
|
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