Tesla to raise $5 billion through share offering

Tesla Inc said on Tuesday it plans to raise up to $5 billion through a share sale program to be conducted by Wall Street's main

Curated via Twitter from Reuters Tech News’s twitter account….

FILE PHOTO: A Tesla SuperCharger station is seen in Los Angeles, California, U. S. , July 9, 2020. (Reuters) – Tesla Inc said on Tuesday it plans to raise up to $5 billion 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. (bit.

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.

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