Heard on the Street: Tesla’s surprise issue is welcome news for the company — and bad news for those putting up the cash
Just 15 days after telling investors a capital raise “doesn’t make sense,” Tesla CEO Elon Musk seems to have reconsidered: Tesla announced Thursday that it plans to sell $2 billion in fresh stock.
Tapping the equity markets at this juncture is the right thing to do for Tesla’s business. While Tesla said it began the year with more than $6 billion in cash, its share price has nearly doubled since then. Companies should raise money when they can instead of when they need to, and Tesla’s investor base has never been the type...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla on autopilot had steered driver towards same barrier before fatal crash, NTSB saysThe driver who died after his Tesla crashed into a highway barrier while using autopilot had previously complained about the system aiming him towards the same barrier, according to newly released documents from the NTSB.
Read more »
Tesla recalls 15,000 Model X SUVs for power steering issue in North AmericaTesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can...
Read more »
Charlie Munger praises China, laments dying newspapers, won't buy or short TeslaCharlie Munger, the longtime business partner of Warren Buffett, on Wednesday sa...
Read more »
Stock market live updates: Dow up 200, Charlie Munger comments on Tesla and moreStock market live updates: “I would never buy [Tesla] and I would never sell it short...I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time,” Charlie Munger said.
Read more »
China and Tesla: Here's what's hot in the ETF space right nowChina- and Tesla-based exchange-traded funds are gaining traction, and the managers behind them see more room for growth.
Read more »
Volta Trucks CEO says company taking page from Apple, Tesla playbook - Business InsiderThe startup has yet to sell or even build a truck, but some of the biggest fleets are interested, founder Carl-Magnus Norden said in an interview.
Read more »