The 2.7 Million Shares Of TSLA Will Be Priced At $242
Tesla Motors is going to try and raise even more money ($642 million) than it said it would yesterday ($500 million), thanks to more shares being offered.
Elon Musk Will Spend $20 Million Himself
Tesla Motors says it will offer $500 million in new stock as it gets ready to put the Model X on sale this fall.
Mascoma, a cellulosic ethanol maker, has been working on gaining capital investment from just about every funding source out there. But now it looks like the attempts to go public and raise $100 million have been pulled off the market.
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