Tesla shares fall after company announces $2 billion common stock offering

Musk himself will buy as much as $10 million of stock in this offering, while Tesla board member Larry Ellison will also purchase up to $1 million. The company's offering will offer 2.65 million Tesla shares through underwriters Goldman Sachs and Morgan Stanley.

Shares of Tesla on Thursday slumped about 5% in premarket trading from its previous close of $767.29. But the stock is still well ahead of where it was as recently as December. Even accounting for the premarket moves Tesla stock is still up 109%, 219% and 135% over the last three, six and 12 months, respectively. Tesla at one point earlier in the month reached as high as $968.99.

Solid move to clear up any fears moving forward

Feels like market manipulation

you'd be a fool not to take advantage of other fools Lebeaucarnews

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Tesla is a great American corporation. All around the world, there are investors who are excited about Tesla's great works and products. As for the visionary Elon Musk, I think he's more interested in advancing the cause of Tesla than becoming even wealthier for its own sake.

Hahahahaha

How about the headline, 'two weeks after Elon said no need to raise; once again he mislead the investment community and is raising $2B'

So when are they going to restate earnings to show they actually lost money? What..need money...why Because they took payments for vehicles, showed that as profit, and now have to make the vehicles. Probably showed loans as profit too

selling stock to raise the money you didn't need after a parabolic move... 🤔$TSLA

This is the way Musk should have done it long before

Charlatans TSLa, Muskrat, CNBC Constant Nasdaq Bullish Charlatans

BOOM! And there it is Charlatans

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