TESLA RAISING MONEY TO ACCELERATE THE RAMP OF MODEL 3 ELON MUSK INCREASING HIS STAKE IN TESLA PALO ALTO, Calif., May 18, 2016 — Tesla today announced an underwritten registered public offering of about $2 billion of common stock. Tesla is offering about $1.4 billion of shares with the remaining shares to be sold by Elon Musk to cover tax obligations associated with his concurrent exercise of more than 5.5 million stock options. On a net basis, Mr