Wednesday, May 18, 2016
211.17 6.51(3.18%) 4:00PM EDT
After Hours : 203.65 7.52 (3.56%) 4:10PM EDT - Nasdaq Real Time Price
This morning, before the markets opened, Goldman Sachs put out an upgrade on Tesla. So the markets reacted positively to the tune of 3.18%.
Then, minutes after the markets closed today, the company announced the sale of about $2,000,000,000 in new stock, some by the company and some by the company's founder Elon Musk. Within seconds, shareholders started selling, giving back the day's gain. In fact, the shares are even lower than the screenshot headlining this post.
Several Wall Street banks are handling the sale. Including Goldman Sachs.
Posted by LAL LTD. at 1:17 PM