Hyperdrive
Musk's Spotty Predictions Muddle Tesla's Assurance on Cash
- CEO said early last year no capital was needed for Model 3
- The electric-car maker has raised about $3 billion since then
Tesla Optimism Takes Hold Again, but for How Long?
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Tesla Inc. investors who’ve been having more trouble than usual lately calibrating Elon Musk’s lofty goals and predictions have reason to be wary of the latest declaration involving his electric-car maker.
Fresh off the worst month for Tesla shares in more than seven years, the company reported a rate of Model 3 sedan production that again fell short of its forecast, while standing by the next target for its debut mass-market car. Perhaps the most noteworthy update: The company assured the market that an equity or debt raise won’t be required this year.