Files to sell 2.1M shares (1.6% shares outstanding)
- Intend to use the net proceeds from this offering to accelerate the growth of our business in the U.S. and internationally, including the growth of our stores, service centers, Supercharger network and the Tesla Energy business, and for the development and production of Model 3, the development of the Tesla Gigafactory and other general corporate purposes.
- We estimate that our net proceeds from the sale of the shares of common stock in this offering will be approximately $492.6 million, after deducting underwriting discounts and commissions and estimated offering expenses that we must pay.