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Tesla confirms to issue and sell to Musk $20m stock

Oct 17 2018 16:10

Yueqi Yang, Bloomberg

Elon Musk. (Photo: Brendan Smialowski, AFP)

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Tesla confirms that it will issue and sell to Elon Musk $20m (about R285bn) of the company’s common stock during the next open trading window at the then-current market price, according to a filing on Tesla and Musk’s settlement with the Securities and Exchange Commission.

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