3 ms·

Raise no money EVER? Or just in Q3+Q4?

• ckastner 7y ago
  This is from the Economist article that Musk was tweeting about: Well before it confirmed the latest missed production target, investors worried about the firm’s cash-burn rate in 2018. In addition to the $2bn or so of capital that may be required to expand production of the Model 3, Tesla has some $1.2bn in convertible debt maturing by early next year. On March 27th Moody’s, a credit-rating agency, downgraded Tesla’s debt, cautioning that the firm “will likely need to raise additional capital during the second half of 2019”. Jefferies, a bank, predicts that Tesla will need $2.5bn to $3bn this year. The cited prediction by Moody’s was very close, apparently ("likely need to raise capital in the second half of 2019").
  • vpj 7y ago
    "Tesla will need to raise $2.5bn to $3bn this year, according to Jefferies, a bank" This was the tweet (April 2018) Elon has replied to.
    • hef19898 7y ago
      And Tesla raised half of it already by early Q2. Doesn't sound to far of, does it?
      • shawabawa3 7y ago
        Sounds like the "this year" was 2018, in which I don't believe they raised money in
• deleted 7y ago
  [deleted]