TESLA: the third offering

Tesla is planning to raise $5bln in another offering coming this month. It is supposed to make the company cash flow more balanced and partly cover the liabilities section.

Fundamentally, things look pretty well with Tesla, with the positive financial performance for the last five quarters, and two more plants to be opened in Germany and the US.

Technically, note that after every surge, Tesla stock corrected sometimes up to 50% of the gain, getting down to the last resistance it has broken. So if it was to go down again, it would be the support of $500 you’d need to look at.

Therefore, watch how it goes, and follow the news.

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Author: FBS Analyst Team

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