Manifesting a Tesla to Help Promote Electric Vehicles

Category Archives: Elon Musk

Tesla to Offer $500 Million in Common Stock

Proceeds to Accelerate Growth of Business, Including Tesla Energy, and Development of Model 3 and Gigafactory
PALO ALTO, CA — Tesla announced today that it intends to offer, subject to market and other conditions, $500 million of additional shares of common stock in an underwritten registered public offering. In addition, Tesla intends to grant the underwriters a 30-day option to purchase up to $75 million of additional shares of common stock.
Elon Musk, Tesla’s CEO, intends to purchase $20 million of common stock in this offering at the public offering price.

Tesla intends to use the net proceeds from this offering to accelerate the growth of its business in the United States and internationally, including the growth of its 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.
Goldman, Sachs & Co. and Morgan Stanley are acting as lead joint book-running managers for the offering, J.P. Morgan and Deutsche Bank Securities are acting as additional book-running managers for the offering, and BofA Merrill Lynch and Wells Fargo Securities are acting as co-managers.

Tesla Motors – Second Quarter 2015 Shareholder Letter

• Record quarterly deliveries of 11,532 vehicles• Produced a record 12,807 vehicles, exceeding plan while improving efficiency• Introduced new Model S variants that improve range, performance and value• Model X remains on track for start of deliveries in late Q3• Tesla Energy deliveries set to ramp in Q4 August 5, 2015 Dear Fellow Shareholders: Q2… Continue Reading

Tesla Motors Picks Nevada for New Battery GigaFactory

Governor Brian Sandoval and Elon Musk, Chairman and CEO of Tesla Motors, announced today that Nevada has been selected as the official site for the Tesla Gigafactory. “This is great news for Nevada. Tesla will build the world’s largest and most advanced battery factory in Nevada which means nearly one hundred billion dollars in economic… Continue Reading

Elon Musk Talks Tesla, SpaceX and Future of Travel with Stephen Colbert

Founder of Tesla Motors, PayPal and SpaceX Elon Musk appeared on the Cobert Report last night with Stephen Colbert.  Apparently Colbert in the past had doubted Elon could make an electric vehicle that people would buy – now he drives a Tesla Model S himself.  Colbert said “it’s the best damn golf cart I’ve ever… Continue Reading