Elon Musk, founding father of SpaceX and chief government officer of Tesla Inc., arrives on the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020.
Liesa Johannssen-Koppitz | Bloomberg | Getty Pictures
Tesla unveiled a $5 billion capital increase on Tuesday, its second such transfer in three months because the electric-car maker cashes in on a meteoric rally in its shares this yr.
The corporate’s shares, which touched a file excessive on Monday, reversed course to fall over 2% in premarket buying and selling.
Tesla entered an fairness distribution settlement with banks together with Goldman Sachs and Citigroup World Markets to promote its frequent inventory, having mixture gross sales proceeds of as much as $5 billion.
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