epa04727762 A row of Tesla Motors Model S cars are seen at a parking lot of the Tesla Motors Headquarters in Palo Alto, California, USA, 30 April 2015.  EPA/JOHN G. MABANGLO

Tesla might have to raise more than $10 billion over the next three years

$10 billion

Tesla might need to raise over $10 billion until 2020, according to Goldman Sachs analyst David Tamberrino

Published   |  Photo by EPA/John G. Mabanglo
epa04727762 A row of Tesla Motors Model S cars are seen at a parking lot of the Tesla Motors Headquarters in Palo Alto, California, USA, 30 April 2015.  EPA/JOHN G. MABANGLO
$10 billion

The company will need money to fund operations, launch new models, and support its expansion in China. Tesla recently opened a subsidiary in Shanghai, getting closer than ever to opening its first factory in the country.

epa04727762 A row of Tesla Motors Model S cars are seen at a parking lot of the Tesla Motors Headquarters in Palo Alto, California, USA, 30 April 2015.  EPA/JOHN G. MABANGLO
$10 billion

Tesla burned over $1 billion in the first quarter, analysts have been raising red flags. Two months ago, Moody’s and Jefferies predicted Tesla would need funding of $2 billion to $3 billion.

epa04727762 A row of Tesla Motors Model S cars are seen at a parking lot of the Tesla Motors Headquarters in Palo Alto, California, USA, 30 April 2015.  EPA/JOHN G. MABANGLO
$10 billion

But Elon Musk has been defiant. He said earlier this month in a controversial earnings call that he did not want or need to raise more capital.

home our picks popular latest obsessions search