Wed, 2020-09-02 01:02
LONDON: Tesla Inc. unveiled its biggest program of new share sales in a decade as a public company on Tuesday, seeking to cash in on soaring Wall Street interest in the company to raise $5 billion that will ease future debt pressures.
The move comes a day after a 5-for-1 stock split took effect, Tesla’s first since its initial public offering a decade ago, and follows a nearly six-fold increase in the value of its shares this year.
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