Traders work under monitors displaying 3M Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S.

Tesla files for offering to raise capital

NEW YORK, NY – APRIL four: Tesla CEO Elon Musk arrives at federal courtroom, April four, 2019 in New York City. A federal choose will hear oral arguments this afternoon in a lawsuit introduced by the U.S. Securities and Exchange Commission (SEC) that seeks to maintain Musk in contempt for violating a settlement deal. (Photo by Drew Angerer/Getty Images)

Drew Angerer | Getty Images News | Getty Images

Tesla filed for a blended shelf offering for an undisclosed quantity on Thursday, per week after Chief Executive Officer Elon Musk advised a capital raise may very well be imminent.

Many analysts had predicted the electric-car maker would wish to raise funds for its enlargement, together with constructing a manufacturing facility in Shanghai, the upcoming Model Y SUV, and different tasks.

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