Goldman Sachs and Morgan Stanley just landed one of the biggest deals of the year
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Julia La Roche for Business Insider
Goldman Sachs CEO Lloyd Blankfein.
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The two banks are acting as lead joint book-runners on the offering, according to a statement.
Deutsche Bank, Citibank, and Bank of America Merrill Lynch will act as additional book-running managers.
Tesla is offering about $1.4 billion of shares, according to the press release.
CEO Elon Musk is selling the remaining shares.
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The deal is the fifth-largest equity capital markets transaction in the US in 2016, after TransCanada, ArcelorMittal, Molson Coors, and Baxalta.
Goldman Sachs analysts on Wednesday issued a 'buy' rating on Tesla's stock, leading to a jump in its price.
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