EVs

Shares of Tesla Motors, Inc. (NASDAQ: TSLA) (market cap $2.75 billion), a manufacturer of EV vehicles and powertrain components, are up about 1% at mid-day after increasing 8.5% Wednesday on the news the company plans to raise $217 million through a share offering at $26.35 per share. Some of the proceeds will fund development of Tesla’s Model X crossover vehicle.

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