Benzinga Breakdown: The Pricing Of Tesla's Offering

• Tesla Motors Inc TSLA is raising $2 billion through a stock offering officially priced at $215/share.
• Net proceeds to shareholders will be $213.2202/share
• Tesla's valuation has undergone much scrutiny in the past couple days.
• Funds raised would be used to ramp up production of the hotly anticipated Model 3.

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Interestingly, after going bearish on equities, Goldman Sachs Group Inc GS upgraded Tesla to a Buy with a $250 price target. The call raised eyebrows because Goldman helped underwrite Tesla's offering, but some doubt there was any upside for the investment bank to intentionally raise the price.

Analyst/Pundit commentary

On CNBC, Standpoint Research's Ronnie Moas and Kevin O'Leary ridiculed Tesla's valuation. "It's a car company," O'Leary quipped. Despite the positive price action since news of the offering and Goldman's upgrades, UBS analyst Colin Langan maintained both a Sell rating and a $160 price target on Tesla.