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Another $5bn to be raised by Tesla by selling shares
Tesla is set to take advantage of the almost 900% surge in its share prices that it has witnessed in the past 12 months by raising up to $5bn by selling shares. The decision has been taken by the car manufacturer after it raised $5bn three months ago. It was the biggest issue of new stock in a decade at the time. The market value of Tesla is $600bn, making Elon Musk one of the world’s richest men.
EUROPEwww.theguardian.com
RIGHTwww.washingtontimes.com
Top in Business
This is so messed up. Elon musk just gets richer while the rest of the US is having massive unemployment rates and small businesses are going out of business at super high rates.