Yilei Sun / Reuters
Tesla plans to sell up to $5 billion in new stocks, as investors are calling for electric vehicle manufacturers’ shares to show no signs of slowing.
A filing through the Securities and Exchange Commission on Tuesday said Tesla would sell the shares as a component of a “market” offering, or ATM.ATMs allow a company to sell new shares directly on the market through a broker at existing prices, but at any price.specified amount and at any time. Traditional fundraisers are made in single lots at a constant price.
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Tesla’s age rate, which has skyrocketed nearly 500% so far from year to record levels, are among the most productive artists on Wall Street.A $5 billion-old sale would constitute only about 1% of Tesla’s market capitalization, which at the end of Monday.$498 billion.
The division of the company’s shares from 5 to 1, with the aim of making its shares more for small investors, took effect on Monday.Tesla’s shares rose 12% to $498 in line with the stock.
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Despite Tesla’s great rise to the ninth US-based publicly traded company, Tesla’s great rise has been in the world to the world’s all-time ventures that have beenU.S., It’s not yet a component of the S-reference index
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