Tesla's unfettered ambition will drain finances: analysts [Reuters (UK)]
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Source: Reuters
Tesla's unfettered ambition will drain finances: analysts | Reuters 4 Min Read (Reuters) - Tesla Inc shares rose on Friday as analysts questioned how soon Chief Executive Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan. Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car available. The first 1,000 cars will cost $250,000 each, paid in full upfront, with later models starting at $200,000. Those deposits would put $250 million into Tesla’s cash drawer today for a car that is likely to go into production in 2020. Musk did not offer details about how Tesla would generate additional funds to deliver the semi truck and the roadster, and overcome produc
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- 4/16/24 - Form 8-K
- TSLA's page on the SEC website