I'm pretty sure the market has been expecting another Tesla cash raise at some point before the Model 3 launch. Maybe not one that is happening quite this soon,

I'm pretty sure the market has been expecting another Tesla cash raise at some point before the Model 3 launch. Maybe not one that is happening quite this soon, but I don't think this is a major shock. I expect this might be a larger hit to their share price than other cash raises because of that + SolarCity, though.