Tesla to raise 5 billion USD through share offering
Petre Barac
Posted On September 1, 2020
0
1.4K Views
Tesla said on Tuesday it plans to raise up to 5 billion USD through a share sale program to be conducted by Wall Street’s main brokerages.
The sales agents include major banks such as Goldman Sachs & Co, Bank of America Securities Inc, Citigroup Global Markets Inc and Morgan Stanley & Co, the electric carmaker said in a filing.
Tesla shares, which rose about 8% in early premarket trading, were up about 3% after the news.
The move comes a day after a 5-for-1 stock split took effect, Tesla’s first since its initial public offering about a decade ago.
Via Reuters
Trending Now
New car registrations in Europe, down 1.9 percent in November
December 19, 2024
Nissan and Honda sign MOU to consider business integration
January 3, 2025
