But now Wall Street is taking a more practical tone, increasingly questioning Musk's assertions of when the company can turn profitable. Tesla may ultimately be forced to sell new shares of its stock or take on more debt to bolster diminishing cash. ———DEBTReining in spending will help, but Tesla still faces hefty debt payments over the next 12 months. Last month, Morningstar Equity Strategist David Whiston wrote that it's "nearly guaranteed" that Tesla will have to raise more cash. To do so, Tesla has to ramp up production of its Model 3 electric car to 5,000 units a week.

Source: ABC News May 04, 2018 20:58 UTC