Model S Update - 3 Tesla — with a significant chunk contributed by Elon Musk — is selling around $2 billion worth of stock in an equity offering in order to accelerate production of the Model 3, according to a regulatory filing filed today. The company is selling 6.8 million shares in the stock offering, which at its current price of around $205 amounts to roughly $1.4 billion. Musk is selling… Read More

Source: News