Tesla launches $5 billion capital raise, tapping in on share surge

Topics Tesla | Elon Musk


Tesla Inc on Tuesday unveiled its biggest program of new share sales as a public company, seeking to cash in on soaring Wall Street interest in the electric carmaker to raise up to $5 billion that will ease future debt pressures.

  The move comes a day after a 5-for-1 stock split took effect, Tesla's first since its initial public offering in June 2010, and follows a nearly six-fold increase in the value of its shares this year.   Tuesday's share sale comes as Tesla seeks to massively expand production of its.....

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