Tesla Money Raise Keeps $14 Billion Virtuous Circle Rolling

(Bloomberg) — Elon Musk dreams big dreams. Tesla Inc. taps Wall Street for funds to turn them into reality. Banks pocket millions in fees. And rather than punish the company for diluting its shareholders, the market sends the stock higher.The virtuous circle has enabled Tesla to raise about $14 billion over the last decade, supporting the electric-car maker through countless ups and downs. The latest offering announced Thursday — at $767 a share, according to a person familiar with the matter — boosted Tesla’s market capitalization to almost $146 billion, behind only Toyota Motor Corp. among the world’s most valuable …read more

Source:: Yahoo Finance