U.S. Markets open in 2 hrs 37 mins

Tesla Stock Offering to Price at $767 a Share

Drew Singer

(Bloomberg) -- The secondary offering in Tesla Inc. has priced at $767 a share, a person familiar with the matter said.

The price represents a 4.6% discount to Thursday’s close. Tesla earlier announced plans to raise about $2 billion following an 83% run-up in the stock since Jan. 1.

Shares fell 0.5% in post-market trading.

Read more: Tesla Plans $2 Billion Sale Weeks After Musk Said No Need

To contact the reporter on this story: Drew Singer in New York at dsinger28@bloomberg.net

To contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Michael Hytha

For more articles like this, please visit us at bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2020 Bloomberg L.P.