Tesla boosts its stock level

Published May 3, 2019 354 Views

Rumble / Trending NewsOn Thursday Tesla announced it was raising around $2 billion through the sale of stock and notes. On Friday, the car company raised that amount to about $2.7 billion. Business Insider reports the announcement sent shares up more than 4% on both days. The recent rally has catapulted the stock back above key support at $250. The electric-car maker shares it will now raise $2.7 billion, through the sale of 3.1 million shares of its stock and the issuing of $1.6 billion worth of convertible notes.