Goldman says Tesla may need $10 billion by 2020 to survive

Posted by SB SB

RT — The electric car maker Tesla may be in need of an additional $10 billion in the next two years for auto-making and expansion plans to China, Goldman Sachs said in a note.
The options to get the funding are new bonds, convertible notes or equity, but each of them has possible drawbacks, the bank says.
“We see several options available to the company to refinance maturing debt and raise incremental funds, which should allow Tesla to fund its growth targets,” Goldman analyst David Tamberrino wrote... → Full Article

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