Tesla just set a new record high. Now it wants to dump $5B in stock

Tesla just set a new record high. Now it wants to dump $5B in stock


Tesla stock closed at a new all-time high on Monday, its third this month, bringing its 2020 returns to a taint-tickling 650%. Now, Tesla wants to cash in on the abundant investor interest… again. The Musk-led wunderstock is looking to raise an additional $5 billion, having recently filed to sell the equivalent of 0.8% of the company’s outstanding shares, reports MarketWatch. The move comes just three months after Tesla‘s share price sank 16% in one day after the company disclosed a separate $5 billion offering, contributing to what MarketWatch noted was its biggest drop in history. It’s hard to blame Tesla. Why…

This story continues at The Next Web

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