Tesla investors who got in on Thursday’s share sale received the steepest discount Tesla has offered in its 10-year history as a public company.
Tesla Inc. investors who got in on Thursday’s share sale received the steepest discount the electric car maker has offered in its 10-year history as a public company.at $767 per share, 4.6% below Thursday’s closing price. That discount is over 10 times larger than Tesla’s last secondary offering in May, and quintuples the average discount given across its seven prior share sales.
. But Elon Musk probably isn’t losing any sleep over the matter, as the price per share was still more than double any of the company’s prior equity raises.Six of Tesla’s previous secondary offerings -- conducted between 2011 and 2019 -- were priced at discounts below 1%. The bullish bidding helped Tesla fuel a
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