Trusted News Discovery Since 2008
{{/content}}
Tesla To Raise $5 Billion With New Shares
Video Credit: Wochit
Published on September 3, 2020 - Duration: 00:30s
Tesla To Raise $5 Billion With New Shares
Business Insider reports that Tesla is planning to sell up to $5 billion in new shares right after its stock split.
Tesla's 5-for-1 stock split went into effect on Monday.
A $5 billion share sale would represent roughly 1% of the tech titan's market value.
Since August 11, when Tesla said it would enact the stock split, its shares have added more than 70% Business Insider says a split changes nothing about a company's underlying fundamentals.
You are here
Related videos from verified sources
Tesla Stock Rallies 10% 00:34
Video credit: Wochit - Published on September 9, 2020