Tesla announced on Thursday it plans to offer $2 billion of common stock.
CEO Elon Musk will buy as much as $10 million of stock in this offering, while board member Larry Ellison will also purchase up to $1 million.
The move comes two weeks after Musk declared that Tesla did not plan to raise any more capital.
A bona fide selloff took hold Monday on Wall Street after investors spent weeks attempting to come to terms with the potential impact of the COVID-19 outbreak as it spreads in countries outside of China, notably Italy and Iran, threatening to dent global supply chains and economies.
Every so often, a new credit scoring model hits the market — such as the recently announced FICO 10 — and consumers are told their score may change.
The reality, though, is that not much shifts in the trenches: Banks, credit unions and other lenders that determine whether to loan you money or extend credit are generally slow to adopt new models.
Over the past years, the altcoins market has grown at a breathtaking pace, and during this period, Bitcoin Cash (BCH) has emerged as one of the more popular ones. This week, BCH emerged as one of the biggest gainers in the crypto space and gained as much as 16% in the past 24 hours as altcoins seemed to make a comeback.
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