Tesla Needs Billions to Meet Musk's Ludicrous Assembly Timeline
- CEO says raising combination of equity and debt `makes sense'
- Barclays analyst sees automaker selling $3 billion in stock
Update From the Gigafactory: Tesla's Ambitious Plans
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Tesla Motors Inc. may raise billions of dollars by selling stock to accelerate production plans, betting the benefits will be enough to outweigh the dilution of the share price.
When Chief Executive Officer Elon Musk pulled ahead the electric-car company’s target to increase vehicle assembly to 500,000 a year to 2018 from 2020, he added that capital spending will increase by about 50 percent -- $750 million -- from the original budget for this year, which would probably require some fundraising.