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Tesla to raise capital for e-car, energy projects Tesla Motors announced Thursday it was planning to sell 2.1 million new shares in hopes of raising about $500 million (450 million euros). Tesla said it imagined the shares would be sold at Wednesday's closing price of $238.17. Chief Executive Elon Musk would be ready to buy nearly 84,000 shares for about $20 million in the offering, according to a company statement. Musk is already the company's largest shareholder with a 22.25 percent stake. He intends to use the fresh cash to boost the development of Tesla's energy business, its upcoming Model 3 project and its Gigafactory battery manufacturer. Book-running managers for the offering included Goldman Sachs, Morgan Stanley, JPMorgan and Deutsche Bank Securities. Tesla burns cash The offering comes a week after Tesla reported a huge loss in the second quarter. The Silicon Valley-based e-car maker delivered 11,532 cars in the second period and said it had an operating loss of about $47 million, meaning a loss of $4,000 on every car it sold. http://www.dw.com/en/tesla-to-raise-capital-for-e-car-energy-projects/a-18648121
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http://www.usatoday.com/story/money/cars/2013/11/19/elon-musk-tesla-fire-changes/3637187/