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Another investment push for Tesla; sells $5bn of shares – Wall Street Journal
Since Tesla announced a share split that made it more accessible to retail investors, the car-making company's shares have risen about 80%.
Tesla stocks have a history of volatility. Investors with a high-risk appetite may not be put off by Elon Musk's eccentric personality – which has its own way of causing stock prices to dip and surge – and they should be quite happy right now. Since the car-making company announced a share split that made it more accessible to retail investors, Tesla's shares have risen about 80%. Now, it plans to sell as much as $5bn of shares, capitalising on its high-flying stock and its 5-for-1 stock split. – Claire Badenhorst
Tesla to sell up to $5 billion in stock
By Dave Sebastian
Tesla Inc. said it planned to raise up to $5bn through stock offerings from time to time as the electric-vehicle maker, which has enjoyed a surging share price, makes another investment push.
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