01 Mar '17, 12pm

Tesla Needs to Raise More Money—Fast #Renewables https://t.co/Uxyywy4MMA

Bloomberg : Tesla Is Burning Through Cash Elon Musk is burning through cash and may need to raise more soon to produce the mass-market electric sedan Tesla Inc. is banking on to reach the mainstream consumer. A capital raise would provide more cushion to the smallest and youngest publicly held U.S. automaker, which has huge expenditures planned ahead of introducing the Model 3 sedan in July. Tesla burned through cash in the fourth quarter and expects to spend as much as $2.5 billion in the first half of the year before fielding its first mass-market car. “It’s certainly clear that some kind of capital raise is coming,” David Whiston, an auto analyst at Morningstar Inc., said by phone Thursday. “They might want to do it soon.” MIT Technology Review : The EPA Is Bracing for Big Change Yesterday, Donald Trump sketched out his first federal budget and, while short on specifics...

Full article: https://www.greentechmedia.com/articles/read/tesla-needs-...

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