Tesla to raise up to $5 billion in share offering

Amid Tesla's record rise that has seen shares soar to new highs, the company said Tuesday that it will sell up to $5 billion in stock. The additional shares will be sold "from time to time" and "at-the-market" prices, a filing with the Securities and Exchange Commission said. Banks will sell shares based on directives from Tesla. CNBC's Phil LeBeau reports.
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Tue, Sep 1 20208:09 AM EDT