Tesla 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 $TSLA
David Whiston, an analyst at Morningstar Research, said it remained to be seen how much money Tesla will ultimately raise. The company had $8.6 billion in cash and cash equivalents at the end of June.
FILE PHOTO: A Tesla SuperCharger station is seen in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson With a market capitalization now around $465 billion, it became the world’s biggest car company by value in July and has propelled Chief Executive Officer Elon Musk’s personal fortune past $100 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Cashes In On Stock Surge With Share Offering To Raise Up To $5 BillionCapitalizing on surging demand for its shares, electric-car maker Tesla will raise up to $5 billion in an at the market share offering on the heels of its just-completed stock split that made it more affordable to retail investors
Read more »
Tesla to sell up to $5 billion in stock amid rally
Read more »
General Electric is worth less than $5 per share, JPMorgan says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Tesla taps into red-hot investor demand with up to $5 billion in new shares sale | Markets InsiderTesla is planning to sell up to $5 billion in new shares, right after its stock split, a Tuesday security filing showed. Tesla's 5-1 stock...
Read more »
Apple, Tesla bid up ahead of share split openThe high-flying shares of Apple Inc and Tesla Inc gained more ground on Monday, ahead of their first official trading following a split into smaller portions that makes it easier for retail investors to own the shares.
Read more »
Popular trading platforms TD Ameritrade, Robinhood, others face outages as Tesla and Apple stocks splitUsers of a number of popular trading platforms on Monday were complaining of downed systems and an inability to trade, coming as two of the two most...
Read more »