By CCN: Maybe Tesla could be a $4,000 stock after all. Elon Musk has unlocked the formula for gains in the Tesla (TSLA) share price. Tesla’s stock soared as much as 5% after the company unveiled details about a much-needed capital raise in which Musk kept his cards close to the vest during the company’s recent earnings call. The electric vehicle company is looking to raise $2.3 billion from a series of stock offerings that includes Elon Musk purchasing $10 million in common stock, or roughly 42,000 TSLA shares. He already owns more than $12 billion worth of Tesla shares,
The post Eureka! Tesla Targets $2 Billion in Capital Raise, TSLA Shares Fly appeared first on CCN
source https://www.ccn.com/tesla-2-billion-capital-raise-shares-fly
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