Tesla’s Unfettered Ambition Will Drain Finances: Analysts
Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday.
Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car available. The first 1,000 cars will cost $250,000 each, paid in full upfront, with later models starting at $200,000.
Those deposits would put $250 million into Tesla’s cash drawer today for a car that is likely to go into production in 2020.
Musk did not offer details about how Tesla would generate additional funds to...