San Francisco — Tesla is selling about $2bn of common stock, taking advantage of its surging shares just two weeks after Elon Musk said raising capital did not make sense.
Assuming underwriters exercise their option to purchase additional securities, the offering could bring in about $2.3bn in proceeds, Tesla said in a statement. That will help fund as much as $3.5bn in capital expenditures in 2020, a plan the company disclosed less than an hour earlier in a regulatory filing...
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