Tesla’s market value crosses $600 billion for the first time joining ultra rich club  

 Elon Musk-led Tesla on Tuesday announced that it will be raising $5 billion, marking it the second capital raise in the last three months. The additional shares will be sold “ from time to time” and “ at-the-market” prices. Its shares are up nearly 670 per cent this year with its market capitalisation crossing $600 billion. Tesla will join the S&P 500 index later this month.