Tesla, a well-known innovative car manufacturer and supplier of solar panels, has expressed their wish to place a block of shares on the stock exchange in the amount of about $ 2 billion.
Elon Musk, CEO at the American company Tesla, is going to purchase securities for $ 10 million. As a Board member, Larry Ellison plans to buy shares for $ 1 million.
Goldman Sachs and Morgan Stanley are organizing the IPO. They have options for the purchase of the company’s securities with a total value of $ 300 million.
The funds raised from the sale of shares will be spent for corporate expenses and the correction of balance sheet indicators.
In the current year, Tesla is planning to provide $ 3.5 billion for capital expenditures. In 2019, $ 1.3 billion was spent for this purpose, although $ 2.6 billion was budgeted.
Over the past trading session, the quotes of the company securities have lost almost 5%. Over the past year, Tesla’s market value has grown by 19%. This is a good (but not excellent) indicator, since the growth of the S&P 500 stock indicator over the same period has amounted to 23%.
The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group