Tesla was profitable without regulatory credits, which it sells to rival automakers, for the first time since the end of 2019.
The lawsuit alleges that the acquisition failed to deliver the profits promised by Musk and accuses the CEO of personally benefiting from the acquisition.
The National Labor Relations Board also ruled that Tesla violated labor laws when it fired a union activist in 2017.
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.
