Tesla plans $2-billion stock offering as Elon Musk seizes on price surge
Tesla Inc. is selling more than $2 billion of common stock, taking advantage of its surging shares just two weeks after Chief Executive Elon Musk said raising capital didn’t make sense.
The company also announced several government probes in a 10-K filing Thursday. It said a subpoena has been issued by the Securities and Exchange Commission “concerning certain financial data and contracts,” and that Bay Area air regulators and the U.S. Environmental Protection Agency are investigating whether clean-air laws have been violated at its Fremont, Calif., assembly plant.
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