By Jacob Wolinsky. Originally published at ValueWalk.
Goldman Sachs initiated coverage on Tesla Motors just this morning and the comments were pretty positive to put it mildly (comparing Elon Musk to Henry Ford and Steve Jobs). And guess what Tesla Motors also just announced – a $2 billion equity offering. Now here is the biggest shock, and you do not need to be a conspiracy theorist to connect the dots, the underwriter for the secondary is…. Goldman Sachs!
Below is from the filing – presented without further comment…
Less Than 24 Hours After Bullish Call, Goldman To Underwrite Tesla Secondary
TSLA
Moolah
Goldman
Nailedit pic.twitter.com/QtmMmdloFe— Arthur L. Caprio (@FamilyOfficeGur) May 18, 2016
By this prospectus, we may offer and sell from time to time, in one or more offerings, common stock, debt securities or any combination thereof as described in this prospectus. The debt securities may be convertible into our common stock. In addition, the selling stockholders may offer and sell from time to time, in one or more offerings shares of common stock as described in this prospectus. You should read this prospectus, any prospectus supplement and free writing prospectus, together with any documents we incorporate by reference, before you invest in our securities. The prospectus supplement or free writing prospectus may also add to, update, supplement or clarify information contained in this prospectus. This prospectus may not be used to sell our securities unless accompanied by a prospectus supplement.
Our common stock is listed on the Nasdaq Global Select Market under the symbol “TSLA.”
We or any selling stockholders may offer and sell our securities to or through one or more agents, underwriters, dealers or other third parties or directly to one or more purchasers on a continuous or delayed basis. If we or any selling stockholders use any agents, underwriters or dealers to sell our securities, we will name them and describe their compensation in a prospectus supplement. The price to the public of our securities and the net proceeds we and any selling stockholders expect to receive from the sale of such securities will also be set forth in a prospectus supplement. We will not receive any proceeds from the sale of shares of our common stock by the selling stockholders.
Investing in our securities involves risks. You should carefully consider the risks described under “Risk Factors” on page 6 of this prospectus, as well as in the applicable prospectus supplement, any related free writing prospectus and other information contained or incorporated by reference in this prospectus and the applicable prospectus supplement, before making a decision to invest in our securities.
You can read it in all its glory here.
Tesla
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