Mexican Media Brands
Tesla May Launch New Funding Drive
Tesla Motors Inc. says in a regulatory filing it may need a “small equity capital raise” next year to help fund its huge battery factory and the launch of its Model 3 electric car, Reuters reports.
#economics #regulations
Share
Tesla Motors Inc. says in a regulatory filing it may need a “small equity capital raise” next year to help fund its huge battery factory and the launch of its Model 3 electric car, Reuters reports.
Tesla has about $2 billion in cash, the news service says. It notes the company told analysts earlier this year it will spend nearly $1.8 billion in the second half of 2016 on plants and equipment.
In the meantime, the company continues to burn cash. It also is acquiring SolarCity Corp., the money-losing solar panel company. Tesla has reported a negative cash flow for more than two years, along with an operating loss for the past 14 consecutive quarters.
RELATED CONTENT
-
The U.S. Military Finds New Roads: Fuel Cell Powered Pickups
While it seems that fuel efficiency as related to the U.S. federal government is all about light duty vehicles, that’s far from being the case.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
