Investors welcomed the fresh injection of capital as unexpectedly poor first-quarter results have pressured Tesla’s shares
Tesla Inc.’s stock surged 4.6% Thursday after the company said it would raise as much as $2.3 billion by selling shares and bonds that may convert to shares, marking the latest surprising Wall Street reaction to the tribulations of the Palo Alto, Calif.,-based electric car maker.
Investors said they welcomed the fresh injection of capital as unexpectedly poor first-quarter results have pressured Tesla’s shares. Fidelity Investments, T. Rowe Price Group Inc. and other fund managers have sold millions of shares in 2019 amid...
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