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Tesla Motors plans $167-million stock offering

The electric-car maker plans to sell 12.8 million shares at $14 to $16 each. Toyota is set to buy $50 million worth of the stock. Tesla CEO Elon Musk stands to make $21 million. Electric-car maker Tesla Motors Inc. plans to raise about $167 million by selling stock to the public later this year.

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16:34 on June 15 2010

Tesla Motors plans $167-million stock offering

L.A. Times - News — The electric-car maker plans to sell 12.8 million shares at $14 to $16 each. Toyota is set to buy $50 million worth of the stock. Tesla CEO Elon Musk stands to make $21 m... more info
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