Deals
Traders Renew a Decade-Long Love Affair With Tesla Share Sales
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Funding rounds can spark a sell-off in most stocks. Thursday’s trading shows why Tesla Inc. is not like most stocks.
Tesla shares climbed as much as 6.6% after the electric car maker announced plans for a $2 billion equity offering, reversing an early decline of 4.2%. Analysts said the funding will shore up Tesla’s balance sheet, eventually helping long-term investors who are betting on the company’s success.