Tesla cashes in on surging stock price with $2 billion stock offering

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SOURCE: https://arstechnica.com/cars/2020/02/tesla-cashes-in-on-surging-stock-price-with-2-billion-stock-offering/

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Tesla will raise $2 billion in a new stock offering, the company announced on Thursday morning.Tesla's shares are worth about $780 on Thursday morning—up 2 percent over Wednesday's closing price. Underwriters will have an option to buy up an extra $300 million in Tesla shares this time as well.A major difference, however, is that Tesla's new fundraising round will be an all-stock transaction.

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Tesla cashes in on surging stock price with $2 billion stock offering

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