Elon Musk boosts Tesla’s stock by tweeting that it won’t need to raise money this year
https://qz.com/1252230/tesla-ceo-elon-musk-boosts-his-companys-stock-by-tweeting-that-it-wont-need-to-raise-money-this-year/
Elon Musk chided The Economist on Twitter today for being “just boring,” and bumped Tesla’s stock price in the process.
The 174-year old publication had cited (paywall) an analyst report predicting that the electric carmaker will need to raise $2.5 to $3 billion later this year to manage a looming cash crunch. Musk denied it.