Tesla returns to equity market

Tesla is turning to the equity markets to support its ambitious business plans, specifically the launch of its Model 3 two years ahead of previously scheduled. Specifically, the company will offer 6,519,656 shares in the expectation of earning US$1.4bn. An additional 2,782,670 shares will be offered by Chief Executive Elon Musk himself as he exercises stock options that expire next year. Tesla itself won't receive any of the money that Musk gets from the sale of his personal shares.