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Skyrocketing Tesla stock may soon make Elon Musk the richest person in the world

Skyrocketing Tesla stock may soon make Elon Musk the richest person in the world

Tesla CEO Elon Musk may finally get his huge paycheck by mid-spring if shares of the electric carmaker stay stable and the company manages to keep its average market cap above $100 billion. Tesla stock has rocketed nearly 250 percent in six months and hit a benchmark $100 billion market capitalization for the first time in its history in January. The

Tesla raises capital two weeks after Elon Musk said it wasn’t needed

Tesla raises capital two weeks after Elon Musk said it wasn’t needed

Tesla CEO Elon Musk was definitive during the company’s January 30 earnings call. Despite its current heat of expansion, “it doesn’t make sense to raise money because we expect to generate cash despite this growth level,” he said. Then came today’s news that Tesla would sell another $2 billion in stock—with the common option for the underwriters to

Tesla issues $2B worth of new common stock     - Roadshow

Tesla issues $2B worth of new common stock - Roadshow

Will we see another stock rally? Spencer Platt/Getty Images Tesla plans to offer another $2 billion worth of common stock, the automaker announced Thursday. This means anyone can own a share of the carmaker that continues to take the world by storm. In the announcement, the company said it plans to use the proceeds to "further strengthen its balance

Tesla seeks to tap into stock surge with $2 billion share sale

Tesla seeks to tap into stock surge with $2 billion share sale

(Reuters) - Tesla Inc made an about-turn on Thursday by announcing plans to raise $2 billion in a stock offering as the electric-car maker taps into an astronomical jump in its share price in the past few months. Chief Executive Officer Elon Musk has repeatedly assured investors that the company will not need to raise more money. As recently as last

Tesla seeks to raise $2 billion through stock offering

Tesla seeks to raise $2 billion through stock offering

(Reuters) - Tesla Inc ( TSLA.O ) said on Thursday it plans to raise $2 billion by selling shares through a public offering. Chief Executive Officer Elon Musk will buy up to $10 million in shares, while board member and Oracle co-founder Larry Ellison will purchase $1 million worth Tesla shares. The underwriters will get an option to buy up to $300