Dan Primack, Ben Geman, Axios »

Tesla raised $2.03 billion in a secondary stock offering, pricing at $767 per share. That’s a 4.6% discount to yesterday’s closing price, and an 86.2% premium to where CEO Elon Musk infamously tweeted that he had “funding secured.”

Why it matters: Momentum floats apparently are a thing now, as this comes just two weeks after Musk said on an earnings call that “it doesn’t make sense to raise money because we expect to generate cash.”

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