Tesla Raises $1.2B, More Than Planned Ahead Of Model 3 Launch

By Tsvetana Paraskova Tesla Inc has raised a total of $1.2 billion in fresh capital by selling common shares and convertible notes, with the sum exceeding its target from earlier this week to raise $1 billion. Tesla is offering to sell 1,335,878 common shares at $262 per share, for a total of $350 million, the electric vehicle maker said in a SEC filing on Friday. Tesla chief executive Elon Musk has indicated his preliminary interest in buying up to 95,420 shares of Tesla common stock for a purchase price of around $25 million in this offering at the public offering…

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