Home » Business » Tesla, another paid-in capital increase in 3 months…up to $5 billion

Tesla, another paid-in capital increase in 3 months…up to $5 billion

[서울=뉴스핌] Reporter Kim Sun-mi = US electric car maker Tesla (NASDAQ: TSLA) is going to raise capital again after three months with a soaring stock price, Reuters reported on the 8th (local time).

Citing a document submitted to the US Securities and Exchange Commission (SEC), the news agency said that Tesla has signed contracts with 10 banks, including Goldman Sachs, Citigroup Global Markets, and Morgan Stanley, to issue up to $5 billion in common stock.

Tesla.[사진=로이터 뉴스핌] 2020.11.28 [email protected]

Tesla’s stock price, which hit an all-time high the day before, is falling more than 2% to $627 before the New York Stock Market opens.

It has been three months since the beginning of September that Tesla came up with a plan for a capital increase. Tesla, which raised $14 billion through a paid-in capital increase over the past 10 years, announced the largest $5 billion in paid-in capital increase in September.

According to CNBC, a US economics media, it plans to sell stocks according to the market price from time to time, not all at once, as in September.

Tesla was incorporated into the US S&P 500 stock index at the end of this month, and this year alone, the stock price soared 667%, reaching a market cap of $600 billion.

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