Tesla’s New Deal: Fewer Cars, More Shares – Wall Street Journal

Posted: Friday, August 14, 2015

Tesla Motors, having sent its stock into a funk with weak vehicle delivery numbers, has apparently saved the day by delivering more shares.

Before Thursday, the stock had dropped 12% since Tesla earlier this month lowered its projection for how many cars it will deliver this year to a range of 50,000 to 55,000, down from 55,000. Yet the announcement of plans to sell about $500 million of stock pushed the shares up nearly 3% on…

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