Another week, another several billion-dollar gain for Elon Musk as Tesla stock continues to roar
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On February 13, 2020, Tesla announced it would do a secondary stock offering with the intent to raise between $2 billion and $2.31 billion at $767 a share, a roughly 5% discount to the share price before the announcement. The news came less than two weeks after Musk said in an earnings call that Tesla did not plan to raise more capital.
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