Tesla, the electric car manufacturer founded by Elon Musk, takes advantage of the super favorable momentum on the stock market and launches a $5 billion capital increase. The news was collected in the US through documents filed with the Sec.
The group's goal is to strengthen its balance sheet and reduce debt by exploiting the moment of grace on the New York Stock Exchange. The stock is down slightly (-0,64%) after the news spread but it should be remembered that since the beginning of the year it has recorded a record leap of 500%, outclassing automotive groups such as Nissan in the world ranking based on stock market capitalisation.
Now, Tesla's capitalization is about 464 billion. The stock's run helped CEO Elon Musk become the third richest person in the world, according to the Bloomberg Billionaires Index, with $115 billion in assets.
Just in August (the 11th, to be exact) Tesla had announced the split of the stock (1500 dollars per share) in the measure of 5×1, in order to make the purchase more accessible to its employees and investors. The announcement led to a rise in the stock of 81%, including the jump yesterday, Monday, when the decision became effective and was greeted with an increase in quotations of more than 12%.
