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Goldman Sachs and Morgan Stanley just landed one of the biggest deals of the year

Portia Crowe   

Goldman Sachs and Morgan Stanley just landed one of the biggest deals of the year
Finance1 min read

Blankfein

Julia La Roche for Business Insider

Goldman Sachs CEO Lloyd Blankfein.

Tesla just announced a $2 billion stock offering - and it's great news for Goldman Sachs and Morgan Stanley.

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.

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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