-Tesla Inc unveiled a $5 billion capital raise on Tuesday, its second such move in three months as the electric-car maker cashes in on a meteoric rally in its shares this year.
The company‘s shares, which touched a record high on Monday, reversed course to fall over 2% in premarket trading.
Tesla entered an equity distribution agreement with banks including Goldman Sachs and Citigroup Global Markets to sell its common stock, having aggregate sales proceeds of up to $5 billion. (https://bit.ly/33QXGmU)