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		</div><p>Tesla has announced plans to sell up to five billion dollars worth of common shares, a day after its five-for-one stock split took effect.</p>
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<p>The electric car and solar panel maker said in a filing with securities regulators that it intends to sell up to 10.03 million shares and use the proceeds for unspecified general corporate purposes.</p>
<p>The sales would be made “from time to time” and Tesla said the actual amount of the offering cannot be determined at present.<br />
The stock would be sold through 10 different brokerage houses, and each would get a 0.5% commission.</p>
<blockquote><p>498.32 dollars Tesla&#8217;s closing share price on Monday</p></blockquote>
<p>Tesla shares rose 2.1% in pre-market trading on Tuesday after the filing with the US Securities and Exchange Commission. It closed on Monday at 498.32 dollars.<br />
As of June 30, Tesla had 8.6 billion dollars (£6.38 billion) in cash and roughly 8.5 billion dollars (£6.31 billion) in debt excluding vehicle and solar panel financing.</p>
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<p>The company has to finance some big-ticket capital spending this year because it is building a new factory in Germany and has plans for an additional plant outside Austin, Texas.<br />
It is also gearing up to roll out its new Cybertruck pickup and a semi some time next year.</p>
<p>Goldman Sachs, Bank of America, Barclays, Citigroup, Deutsche Bank, Morgan Stanley, Credit Suisse, SG Americas, Wells Fargo and BNP Paribas are listed as the sales agents.</p>
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