"Tesla announced today that it intends to offer, subject to market and other conditions, $500 million of additional shares of common stock in an underwritten registered public offering. In addition, Tesla intends to grant the underwriters a 30-day option to purchase up to $75 million of additional shares of common stock. Elon Musk, Tesla's CEO, intends to purchase $20 million of common stock in this offering at the public offering price. Tesla intends to use the net proceeds from this offering to accelerate the growth of its business in the United States and internationally, including the growth of its stores, service centers, Supercharger network and the Tesla Energy business, and for the development and production of Model 3, the development of the Tesla Gigafactory, and other general corporate purposes."
"Jerome Guillen, Tesla Motors Inc.’s vice president of worldwide service and deliveries, has taken a leave of absence until the end of the year. Guillen told the automaker run by Chief Executive Officer Elon Musk on Aug. 4 that he would be taking the leave, according to a regulatory filing, which didn’t disclose his reason. Two days later, the board determined that Guillen was no longer an officer required to report ownership under Section 16 of the Securities Exchange Act of 1934, the filing said."