Tesla Inc. TSLA, +3.74% completed the sale of $5 billion of its common stock on Wednesday, the company said in a filing late Thursday. The Silicon Valley car maker announced the equity tap on Tuesday, and a final settlement is expected to be completed by Friday, according to the filing. Tesla shares have rallied 650% this year, compared with gains around 15% for the S&P 500 index. SPX, -0.13% The company is about to ring in 2021 with a “war chest” estimated to be around $20 billion, which the company plans to use to fuel its expansion plans.
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