Tesla Seeks to Raise $2.3 Billion To Survive

[Brian W + 78]

Raising $650 million in new shares and $1.35 billion in debt, while giving underwriters the option to buy an additional 15 percent of each offering, could potentially raise the proceeds to $2.3 billion. Musk would also pitch in $10 million of his own money. 
Tesla has had a disastrous few months. Demand has slowed, manufacturing costs have risen, and Q1 was a disaster. Can Tesla survive?

https://www.reuters.com/article/us-tesla-offering/tesla-ends-spartan-diet-and-seeks-2-3-billion-to-fund-expansion-idUSKCN1S80X7 

[Adam Varga + 123]

I'll never understand the market cap and public valuation of Tesla. This is a firm with consistent cash flow problems, doing yet another capital raise. Their burn rate is through the roof, production figures are rarely if ever met, and profit has proven entirely elusive

[Vlad Kovalenko + 115]

This is about taking the liquidity and solvency risk off the table. Smart move and should cause a short squeeze in the short run. Long run question remains: can they sell enough Model 3’s to scale. I don’t know the answer. No one does. This makes it more likely though.