Tesla to raise up to $5bn in share sale after rally
Elon Musk's electric carmaker capitalises on its high-flying share price
01 September 2020 - 17:42
New York — Tesla plans to sell as much as $5bn of shares, capitalising on its high-flying price and on a recent stock split that made it more accessible to individual investors.
The electric-car maker will sell the shares “from time to time” through an agreement with several banks, according to a regulatory filing. The Palo Alto, California-based company plans to use the proceeds to strengthen its balance sheet and for general corporate purposes...
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