No fooling: Time for Elon Musk to explain why bankruptcy's not in the cards for Tesla - News Summed Up

No fooling: Time for Elon Musk to explain why bankruptcy's not in the cards for Tesla


The words "as a result" are key, Wahlman said. The company can claim it doesn't need capital this year for the Model 3, but if the need results from a new a line of electric automobiles and a new assembly line, hundreds of millions of dollars in new financing will be required. That could pave the way for Musk to issue new stock this year with proceeds that could be used to prop up the Model 3.


Source: Los Angeles Times April 30, 2018 18:45 UTC



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