Hyperdrive
Tesla May Need $10 Billion in Funding by 2020, Goldman Says
- Musk adamant about avoiding a raise analysts see as necessary
- Value of company’s stock and bonds has tumbled this year
Tesla May Require $10B in Funding by 2020, Says Goldman Sachs
This article is for subscribers only.
Elon Musk may need to tap capital markets for more than $10 billion by 2020 to fund Tesla Inc.’s auto-making operations, new products and expected expansion into China, according to Goldman Sachs Group Inc.
While Tesla has options to issue new bonds, convertible notes or equity, each choice would have downsides for investors, Goldman analyst David Tamberrino said in a research note Thursday.