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Is Tesla in trouble? Why is Tesla raising $5 billion now?
By Wealthdojo  •  September 7, 2020
On 1st September, Tesla (TLSA) announces $5 billion capital raise through equity distribution agreement (selling more shares possibly dilution?). CEO Elon Musk previously mentioned that the company wasn’t interested in a new capital raise as he believed that TSLA was capable to finance its ambitious growth through its operations. WHY then did they want to raise money? Is Tesla in trouble? Why is Tesla raising $5 billion now? Is Tesla in trouble? Why is Tesla raising $5 billion now? What happened on 1st September 2020? Before we look at the possible impact, it is important to know what happen during the announcement. Tesla announced today a $5 billion capital raise: On September 1, 2020, Tesla, Inc. (“Tesla”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Goldman Sachs & Co. LLC, BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, SG Americas Securities, LLC...
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By Wealthdojo
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