https://www.cnbc.com/2019/04/25/morgan-stanleys-adam-jonas-tesla-is-going-to-have-to-raise-2point5-billion-in-capital.html

Tesla CEO Elon Musk's comments during the latest quarterly update were a hint that the electric vehicle maker will soon need to raise billions more in capital, Morgan Stanley said on Thursday.

"Given improvements in efficiency and upcoming expansion plans, Mr. Musk admitted that from today's perspective there is 'some merit' to raising capital," Morgan Stanley analyst Adam Jonas said in a note to investors. Jonas is widely followed on Wall Street as an early authority on both Tesla and electric vehicles.