Tesla Motors Inc. has raised $1.46 billion in fresh capital after the sale of 6.8 million in new common stock, according to media reports citing International Financing Review. The shares were priced at $215 each by lead managers Goldman Sachs Group , Morgan Stanley , Citigroup Inc. , Deutsche Bank AG and Bank of America Merrill Lynch . Tesla announced earlier this week that it would sell around $2 billion in common stock in order to fund Model 3 production. The electric-car maker said it would offer $1.4 billion in shares, with the remainder to be sold by Chief Executive Elon Musk. Last August, Tesla priced shares at $242 each in an offering August.
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