Tesla enters equity distribution agreement to raise up to $5 billion in share offering

Tesla inc - entered into an equity distribution agreement to sell shares of common stock having aggregate sales proceeds of up to $5.0 billion.tesla - agreement provides sales agents to be entitled to compensation for services in form of commission of upto 0.50% of proceeds from each sale of shares.tesla - on aug. 28, a&r warehouse agreement was further amended & restated to reflect termination of 2018 warehouse agreement.tesla - on august 28, the 2018 warehouse agreement was terminated.tesla - on aug. 28, a&r warehouse agreement amended & restated to extend borrowing availability date to aug. 13, 2021 & extend maturity date to sept. 2022.tesla - as so amended, a&r warehouse agreement has aggregate lender commitment of $1.1 billion.
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