The company said the additional shares would be sold “from time to time” and “at-the-market” prices.
“Tesla’s business model is currently 100% predicated on selling one-time temporary credits to guys who increasingly don’t need them."
Will giants like General Motors and Walmart make the same mistake Nokia made? Or will they emulate Tesla and Amazon?
Reaching $420 a share “is about the most significant milestone for [Elon Musk's] investor credibility in the last several years."
The new factory will be built in Berlin, while Tesla also plans to create a design center in the German capital.
Despite record deliveries, the company posted a larger-than-expected loss as rising costs weighed on profitability.
Stock and convertible debt offerings will boost Tesla's cash position as it faces expensive challenges, including developing new models.
Regulators say Elon Musk has not sought pre-approval for social media statements, as required by a settlement agreement.
The Tesla chief needs to explain why he had not violated a settlement agreement that required him to get approval before sending company related tweets.
Deepak Ahuja's departure overshadowed Tesla's Q4 results, with one analyst calling it a “significant loss of institutional knowledge.”
CEO Elon Musk says costs must be cut because "our products are still too expensive for most people.”
Some analysts question whether the Oracle co-founder can bring independent oversight to Tesla given his friendship with Elon Musk.
