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Tesla issues $13.8 million in stock to buy trailers to move cars to customers – CNBC

Tesla issued $13.8 million in stock to pay for trucks and trailers to transport its electric vehicles from the factory floor to customers, according to a new securities filing.

Instead of cash, the electric car maker used 49,967 shares at a maximum price of $277.05 a share as of Feb. 12 to buy the trailers from Central Valley Auto Transport, a California company that specializes in car carriers, Tesla said Monday in a filing with the Securities and Exchange Commission.

Tesla issues $13.8 million in stock to buy trailers to move cars to customers
CNBC

Instead of cash, the electric car maker used 49,967 shares at a maximum price of $277.05 a share as of Feb. 12 to buy trailers from Central Valley Auto Transport, a California company that specializes in car carriers. Read the full story

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