Mark Gongloff, Columnist

Maybe Tesla Just Really Needs All That Money

Why raise $12 billion in stock in a year if you don’t have to?

December 8, 2020 at 9:53 PM UTC

Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal.

Elon Musk has some stock he wants to sell you.
Photographer: FREDERIC J. BROWN/AFP/Getty Images

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Tesla’s day job may be making and selling electric cars, but its real passion is printing and selling Tesla stock. It announced plans to sell $2 billion worth of the stuff in February, $5 billion more in September and $5 billion more today.