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Tesla To Raise $5 Billion With New Shares

Video Credit: Wochit News
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.

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