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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tesla, Inc.    TSLA

TESLA, INC.

(TSLA)
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Tesla to Sell Up to $5 Billion in Stock From Time to Time

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09/01/2020 | 08:47am EDT

By Dave Sebastian

Tesla Inc. said it plans to sell up to $5 billion in stock through an at-the-market offering from time to time.

Shares rose 6% in premarket trading Tuesday. Tesla shares on Monday jumped 13% to $498.32 after the company's 5-for-1 split. Its shares have surged 81% from the company's Aug. 11 stock-split announcement and have more than quintupled this year.

The electric-vehicle maker said it has entered an equity distribution agreement with Goldman Sachs & Co. LLC, BofA Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, SG Americas Securities LLC, Wells Fargo Securities LLC and BNP Paribas Securities Corp.

Those banks, which will act as sales agents, will get a commission of up to 0.5% of gross proceeds from each sale of the shares, as well as reimbursement for certain expenses, Tesla said. The company said it could terminate the agreement at any time.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC 2.18% 107.1 Delayed Quote.-41.74%
BNP PARIBAS 1.42% 29.72 Real-time Quote.-44.53%
CITIGROUP INC. 1.29% 41.66 Delayed Quote.-47.85%
CREDIT SUISSE GROUP AG 0.19% 8.622 Delayed Quote.-34.36%
DEUTSCHE BANK AG -0.62% 7.836 Delayed Quote.13.98%
MORGAN STANLEY 1.16% 48.12 Delayed Quote.-5.87%
TESLA, INC. 1.18% 410.83 Delayed Quote.391.04%
THE GOLDMAN SACHS GROUP, INC. 0.09% 189.94 Delayed Quote.-17.39%
WELLS FARGO & COMPANY -0.19% 21.14 Delayed Quote.-60.71%
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Financials (USD)
Sales 2020 30 724 M - -
Net income 2020 1 241 M - -
Net cash 2020 1 780 M - -
P/E ratio 2020 332x
Yield 2020 -
Capitalization 389 B 389 B -
EV / Sales 2020 12,6x
EV / Sales 2021 8,76x
Nbr of Employees 48 016
Free-Float 79,9%
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 38
Average target price 368,84 $
Last Close Price 410,83 $
Spread / Highest target 40,7%
Spread / Average Target -10,2%
Spread / Lowest Target -80,5%
EPS Revisions
Managers
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
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