Read more about Tesla launches second $5 billion share sale since September on Business Standard. The interest in its shares got another boost when S&P Dow Jones Indices said in late November that Tesla would be added to the S&P 500 index
Inc unveiled a $5 billion capital raise on Tuesday, its second such move in three months as the electric-car maker cashes in on a meteoric rally in its shares this year. The company’s shares touched a record high on Monday, pushing Tesla’s market capitalization above $600 billion and further cementing its position as the most valuable auto company in the world despite production that is a fraction of rivals such as Toyota Motor, Volkswagen and General Motors.
