Investors Cheer Tesla's $1.6B Convertible Notes Offering, Prospect For Proceeds
February 26, 2014 at 18:21 PM EST
Shares of Tesla (NASDAQ: TSLA ) are continuing higher in Wednesday's post-market session as traders are digesting news of a $1.6 billion convertible notes offering. The offer was disclosed in a Form 424B5 shortly after the closing bell. Traders appear to be getting excited about the possible use of proceeds