Technology

#Tesla just set a new record high. Now it wants to dump $5B in stock

#Tesla just set a new record high. Now it wants to dump $5B in stock

Tesla stock closed at a new all-time high on Monday, its third this month, bringing its 2020 returns to a taint-tickling 650%.

Now, Tesla wants to cash in on the abundant investor interest… again.

The Musk-led wunderstock is looking to raise an additional $5 billion, having recently filed to sell the equivalent of 0.8% of the company’s outstanding shares, reports MarketWatch.

tesla, stock