of common stock, taking advantage of its surging shares just two weeks after Elon Musk said raising capital didn’t make sense. Assuming underwriters exercise their option to purchase additional securities, the offering could bring in about $2.3 billion in proceeds, Tesla said in a statement. That will help fund as much as $3.5 billion in capital expenditures this year, a plan the company disclosed less than an hour earlier in a regulatory filing. Tesla shares climbed 4.
8% on Thursday after analysts said the offering will both shore up the company’s balance sheet and support Musk’s plans for growth. The stock has more than tripled since the company released the first of two straight positive earnings reports in October. The offering is a sudden turnabout for Musk, 48, who said during an earnings call two weeks ago that Tesla could fund itself without Wall Street’s help.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Business Maverick: February 12 : Five Things You Need to Know to Start Your DayFed chairman Powell said he’s watching the coronavirus impact carefully, Mastercard won an approval to set up business in China and Lyft beat analysts estimates — but disappointed investors. Here are some of the things people in markets are talking about today.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Icahn Wants Occidental to Say If Got Takeover ApproachThe establishment of an independent Palestinian state, with East Jerusalem as its capital, is the solution that fulfills the legitimate rights of the Palestinian people and is the only path to a comprehensive and lasting peace, Jordan’s Foreign Minister Ayman Safadi said in an emailed statement.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Lyft Forecasts Disappoint Investors Seeking Faster ProfitLyft Inc. quarterly results and guidance for 2020 disappointed investors who punished the ride-hailing company for not promising profits sooner. The shares dropped more than 5% in extended trading.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Zambia Banks Reap Record Profits From Government DebtZambia’s government debt is yielding as much as 33% thanks to a widening budget deficit, and there’s one clear winner: local banks, which are reaping record profits.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: U.K. Economic Policy Left In Disarray After Chancellor QuitsThe U.K.’s economic policy was thrown into disarray after Sajid Javid dramatically quit as Chancellor of the Exchequer following a row with Prime Minister Boris Johnson.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »