Tesla wants to raise 2 billion dollars (1.8 billion euros) with a new share issue. CEO Elon Musk buys 10 million dollars worth of shares himself, Tesla reports on Thursday.
The American EV-builder says he wants to use the proceeds to improve the financial management and to finance general expenses. With the issue, Tesla seems to want to make use of the substantially increased share price.
The Tesla share has seen a remarkable increase since the summer of 2019. In the summer, the share was still around $ 250, but after some better-than-expected quarterly figures, the share climbed to a whopping $ 960 per share at its peak in February.
Especially at the beginning of February the fund rose a few times by more than 10 percent. Since then, the share has also undergone a correction and Tesla is at $ 767.