RATE Group | Elon Musk’s Tesla Plans A $2 Billion Common Stock Offering
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Elon Musk’s Tesla Plans A $2 Billion Common Stock Offering

15 Feb Elon Musk’s Tesla Plans A $2 Billion Common Stock Offering

Posted at 21:36h in Bitcoin News by

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Tesla stocks (TSLA) saw a tremendous price surge in the last few months, and the firm is looking to monetize the increase. Tesla plans a $2 billion common stock offering to strengthen its financial position.

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Tesla Stocks Performance And Offering

The last several months have been nothing short of impressive for Tesla and especially its stocks (TSLA). For reference, back in October 2019, the price of one share was $218, and a few weeks ago, it reached its all-time high of $965. Even with the current retrace to $805, this still represents an increase of over 270% in four months.

Tesla Stock Performance. Source: TradingView
Tesla Stock Performance. Source: TradingView

Amid the impressive price performance, Tesla announced on February 13th that it plans to offer approximately $2 billion of common stock in an underwritten…

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