Tesla launches $5 billion capital raise

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The company’s shares, which touched a record high on Monday, reversed course to fall over 2% in premarket trading.

Tesla (NASDAQ:TSLA) entered an equity distribution agreement with banks including Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C) Global Markets to sell its common stock, having aggregate sales proceeds of up to $5 billion. (https://

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