Tesla to sell up to $5 billion in stock amid rally

Amid Tesla’s record rise that has seen shares soar to new highs, the company said Tuesday that it will sell up to $5 billion in stock.

The additional shares will be sold “from time to time” and “at-the-market” prices, a filing with the Securities and Exchange Commission said.

This is a developing story. Check back for updates.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.