Tesla, which operates in many sectors such as electric vehicle, solar panel and space technology, is making one of the biggest share sales after going public. Tesla will sell 5 billion dollars worth of stocks according to the report it presented to the US stock market Tesla’s shares increased 500 percent in 1 year and doubled its current market value compared to last year. Announcing its new strategies, Tesla also announced that it will sell 5 billion dollars of stock in total after the increase. Tesla submitted a preliminary report to the US Stock Exchange for the said share sale. In the presented report, it was stated that 5 billion dollars of stock sales will be made from time to time through the world’s largest banks such as CitiBank and Deutsche Bank.
On the other hand, the race for the top among billionaires continues unabated. Especially during the coronavirus period, Facebook CEO Mark Zuckerberg, who doubled his assets, managed to surpass Elon Musk. However, the recent increase in Tesla’s shares has brought Elon Musk back to the top.