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  • Tesla unveiled a new $5 billion share sale on Tuesday.

  • That's its second such move in just three months.

  • The electric car pioneer is cashing in on a stela rise in its share price this year.

  • Tesla's stock is up about 670% since January.

  • On Monday, it touched a fresh record high, pushing the firm's market value above $600 billion.

  • That cement its position as the world's most valuable automaker, even though it makes far fewer cars than rivals like Volkswagen and Toyota.

  • 10 major banks, including Goldman Sachs and Morgan Stanley, will conduct the new sale.

  • Tesler didn't give any time frame for its completion, but it may add to Elon Musk's fast growing riches.

  • This year's stock rally has seen his net worth soar from $27 billion to 155 billion.

  • That makes him the world's second richest person.

  • Some market watchers, though, think that Tesla's stock is a bubble and warn against adding it to the benchmark S and P 500 index.

Tesla unveiled a new $5 billion share sale on Tuesday.

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Tesla launches another $5 bln share sale

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    林宜悉 posted on 2020/12/08
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