Tesla's recently announced plan to sell up to $5 billion in shares.<br />Wedbush analyst Dan Ives said this is "the smart move at the right time" for CEO Elon Musk and the rest of the company.<br />On Tuesday, Tesla revealed it will offer shares "from time to time" with 10 banks serving as sales agents.<br />The announcement comes as Tesla stock sits 667% higher year-to-date.<br />The massive rally allows Tesla to "build up its treasure chest and capital-expenditure capabilities" while shares sit near record highs, Ives said.<br />Business Insider reports that Tesla dipped as much as 1.7% in early trading on the news.
