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$10 Billion in 3 Months: Tesla Capitalizes on Soaring Stock Price

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$10 Billion in 3 Months: Tesla Capitalizes on Soaring Stock Price

After raising $5 billion in fresh capital in September, Tesla (NASDAQ: TSLA) is returning to the capital markets yet again for another $5 billion just three months later. The electric-car maker is taking advantage of the meteoric rise of Tesla shares, which are up nearly 700% so far this year. Tesla's market cap has now topped $600 billion, a massive premium compared to any other automaker by just about any measure.

Here's why it's smart for Tesla to beef up its balance sheet.

Tesla Model Y. Image source: Tesla.

Source Fool.com

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