Wed. Feb 8th, 2023

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Tesla to raise up to $5 billion in share offering

1 min read

Elon Musk

Tesla unveiled a $5 billion capital raise on Tuesday, its second such move in three months as the electric-car maker cashes in on a meteoric rally in its shares this year.

The additional shares will be sold “from time to time” and “at-the-market” prices, Tesla said in a filing with the Securities and Exchange Commission. The filing said banks will sell shares based on directives from Tesla.

Tesla’s market cap is currently at $598 billion, meaning the new offering represents less than 1% of the company’s value.

The new capital raise comes at an important time for Tesla, which is in the process of building new factories in Germany and Texas.

Wedbush analyst Dan Ives said in a note Tuesday the capital raise is a “clear positive and further solidifies” the bull case for Tesla.

The company’s shares, which touched a record high on Monday, reversed course to fall over 2% in premarket trading. Shares of the automaker are up roughly 670% this year. That includes a 5-for-1 stock split in August.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.