Tesla Motors, Inc (Nasdaq: TSLA), manufacturer of highway capable of fully electric cars and electrical components for automobile transmission, today announced its initial public offering of 13,300,000 shares of its common stock at a price to the public of $ 17.00 per share. Shares begin trading on Tuesday, June 29, 2010 on NASDAQ Global Select Market under the symbol TSLA. Shares offer, 11880600 shares offered by the company and 1419400 shares offered for sale to shareholders. In addition, selling shareholders granted the underwriters a 30-day option to purchase up to additional aggregate 1,995,000 common shares to cover over-allocations, if any. Tesla will not receive proceeds from the sale of shares by selling stockholders.
Goldman, Sachs & Co., Morgan Stanley, JP Morgan and Deutsche Bank Securities acted as joint managers of the bank location.
Placement of these securities will be made only by prospectus, copies of which may be obtained from Goldman, Sachs & Co., phone: (866) 471-2526, fax: (212) 902-9316 e-mail: Prospect of New York (in ) ny.email.gs.com, or by regular mail at Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282-2198, from Morgan Stanley & Co. Incorporated, by telephone: (866) 718 - 1649 email: Pr (at) morganstanley.com, or by regular mail at Morgan Stanley and Co. Incorporated, Attn: Prospectus Department, 180 Varick Street, New York, NY 10014, from JP Morgan Securities Inc., by telephone: (718) 242-8002, or by regular mail at c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or at the Deutsche Bank Securities Inc., phone: (800) 503 - 4611 or by regular mail at 100 Plaza One of them, Jersey City, NJ 07311 Comments: Prospectus Department.
Registration statements relating to these securities was declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy, must not there be a sale of such securities in any state or country to which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws any such state or jurisdiction.
