Tesla shares rise, reversing early losses following $2 billion stock offering

Tesla shares rise, reversing early losses following $2 billion stock offering

Tesla shares slid after the electric automaker said it plans a $2 billion common stock offering, just two weeks after CEO Elon Musk said the company would not take advantage of its surging stock to raise more capital.

Musk himself will buy as much as $10 million of stock in this offering, while Tesla board member Larry Ellisonwill also purchase up to $1 million. The company will offer 2.65…

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