Jim Cramer: What Tesla Got Right With Capital Raise
Tesla (TSLA) - Get Report said that it will sell around $5 billion worth of shares as it prepares for its S&P 500 debut later this month.
Tesla unveiled the 'at-the-market' offering in a Securities and Exchange Commission that followed data from the China Passenger Car Association showing Tesla shifted 21,604 China-made vehicles in the world's largest car market last month, nearly double the October total and well ahead of the 11,329 sold in September, this is due--in part--to a resurgence in consumer demand from the COVID-hit economy.
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