Tesla to raise $5 billion as market cap crosses $600 billion
Elon Musk-led Tesla on Tuesday announced that it will be raising $5 billion, marking its second capital raise in the last three months. The additional shares will be sold "from time to time" and "at-the-market" prices. Its shares are up nearly 670% this year with its market capitalisation crossing $600 billion. Tesla will join S&P 500 index later this month.