Tesla bear Goldman Sachs predicts Musk might need to raise $10B in debt to stay afloat

Palo Alto, California-based electric automaker Tesla is burning through cash so quickly it may have to raise up to $10 billion in new debt within the next 18 months to stay in business, analysts at Goldman Sachs said in a new research note on Thursday. That directly contradicts CEO Elon Musk, who’s twice told investors his company will achieve profitability this year and raise no additional capital in 2018. Goldman Sachs analyst David Tamberrino isn’t convinced. In his latest note, he said…

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