tesla rolling out more stock to fund \model x\
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

Tesla rolling out more stock to fund \'Model X\'

Arab Today, arab today

Arab Today, arab today Tesla rolling out more stock to fund \'Model X\'

NEW YORK - AFP

Tesla Motors announced plans on Wednesday to offer another 5.3 million shares in the US electric carmaker to the public to help fuel development of another model. The Palo Alto, California-based Tesla, which was founded in 2003 by Elon Musk, a co-founder of PayPal and SpaceX, said it is also granting up to 795,000 shares of common stock to its underwriter at $26 a share. In addition, Tesla said Musk, the company\'s chief executive, plans to buy 1.5 million shares directly from Tesla in a private placement and Blackstar Investco, an affiliate of Germany\'s Daimler, plans to purchase up to 644,475 shares. Tesla hopes to raise $214 million from the various operations and plans to use the money to fund development of a Model X crossover vehicle. In a filing with the US Securities and Exchange Commission (SEC), Tesla said it plans to produce a prototype of the Model X by the end of 2011 and to begin selling the vehicle in the fourth quarter of 2013. Tesla said it is seeking with the Model X to \"incorporate the functionality of a minivan with the consumer appeal of a sports utility vehicle.\" Tesla\'s first car was the Tesla Roadster, a high-performance sports car. The Tesla Roadster costs more than $100,000 and can go nearly 250 miles (400 kilometers) on a single charge. In the SEC filing, Tesla said it had delivered around 1,650 Tesla Roadsters to customers in over 31 countries and would end production of the car in December. Tesla is currently developing a four-door sedan known as Model S. The Model S, expected in 2012, has an anticipated base price of around $50,000. Tesla conducted an initial public offering in June of last year, raising $226 million. Tesla shares gained 8.46 percent on Wall Street on Wednesday to close at $28.98.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tesla rolling out more stock to fund \model x\ tesla rolling out more stock to fund \model x\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tesla rolling out more stock to fund \model x\ tesla rolling out more stock to fund \model x\

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday