Tesla Inc. has entered into a share distribution agreement with some banks to sell up to $5 billion in shares, the electric car maker said Tuesday in a registration application. Telsa said before the opening on Tuesday that it had entered into a share distribution agreement with a number of Wall Street banks, including Goldman Sachs, Citigroup, Barclays, BNP, BofA Securities, Credit Suisse, Deutsche Bank, Morgan Stanley, SG Americas and Wells Fargo. I hope this means that FSD & AP will go on sale soon. I got fucked in a used Tesla, not knowing it was $11k instead of $8k to get to FSD. Tesla has entered into a share distribution agreement with banks such as Goldman Sachs and Citigroup Global Markets in order to sell its common shares, the total proceeds of which can reach $US 5 billion. (bit.ly/33QXGmU) Tesla on Tuesday struck a share distribution deal to sell up to $US 5 billion shares through an “at-the-market” offering program. The stock is now up 95.5% over the last three months and 671.6% year-to-date, while the S&P 500 SPX Index +0.58% has risen 14.6% this year. “We believe this is smart action at the right time for Musk & Co. after the stock dish rally, with investors` appetite being strong to play the transformative EV trend by pure tesla in the coming years,” Ives wrote in a statement to customers. And probably pretty much the same for hiring additional service and support staff so you can talk to someone on the phone.
The company`s shares, which hit a record high on Monday, reversed the price and fell more than 2% in pre-market trading. Please, take about $400 million and put ~10,000 Model 3 rental cars in the service car rental fleet. Not really, the amount of money on the stock market is huge, but limited. It doesn`t cost anything to fuel the share price, but unloading shares into the market makes a considerable burden that someone has to bear. I would not consider this increase as you would for others. This seems to coincide with the inclusion of S&P and the increase in equity liquidity for index funds, while valuation is used. That`s only 1% and they`ll use the money for “general business” purposes. If inclusion were not on the table, I do not think we see that increase. But 1%? Of course, why not. They could repay debt at an early stage and improve profitability, which is a significant margin.
Don`t miss: Tesla`s market capitalization exceeds $600 billion. The actual costs are lower, as you can sell them later as a used car/rental, and you earn something in return if you don`t bleed customers due to bad service experiences….