Even die-hard fans must be wondering if Tesla stock is moving too fast | Nils Pratley

Stock split is merely cosmetic for company whose valuation seems to be controlled by pure psychology

Curated via Twitter from Guardian Tech’s twitter account….

Elon Musk produced a twist on Tuesday with the announcement Tesla would issue new shares to raise $5bn for ‘general corporate purposes’.

Elon Musk produced a twist on Tuesday with the announcement Tesla would issue new shares to raise $5bn for ‘general corporate purposes’.

Since investors are clearly keen to throw money at Tesla at almost any price, the company will issue new shares to raise $5bn for “general corporate purposes”.

On Monday, the Tesla founder delivered a crowd-pleasing five-for-one stock split, transforming a $2,300 share price into a smaller figure to make ownership “more accessible”.

Link to original article….

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