Tesla offers $2B in added shares to capitalize on stock surge
Shares of Tesla rose a bout 1.5% i n trading Thursday morning after the electric vehicle and solar panel maker said it would sell over $2 billion worth of additional shares. The sale takes advantage of the company's meteoric stock rise in the past eight months. It comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money.