Tesla says it may need to raise funds from outside sources

Tesla says it may need to raise funds from outside sources

5 years ago
Anonymous $9jpehmcKty

https://www.siliconvalley.com/2019/04/29/tesla-says-it-may-need-to-raise-funds-from-outside-sources/

Less than a week after reporting a quarterly loss of more than $700 million, Tesla on Monday said it may have to look for alternative financing sources as it continues to revamp its product line and prepare for the eventual launch of its Model Y crossover vehicle.

In its first quarter report, filed with the Securities and Exchange Commission, Tesla said that it continually evaluates the funding its needs for capital expenses and that it “may decide it is best to raise additional capital to fund the rapid growth of our business.”