Hyperdrive
Tesla’s Crown Jewels Might Help It Land the Next Round of Cash
- Company could use factories, brand name as collateral for debt
- End of go-private saga puts attention back on financing round
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Now that Elon Musk’s quixotic bid to take Tesla Inc. private is dead, the hand-wringing over when he’ll raise fresh financing has begun anew.
Musk may insist that he doesn’t need to raise more capital this year but to many on Wall Street, that sounds improbable. And even if it were true, they argue, it’s always best to lock in financing while you can. Who knows what markets will look like -- and, moreover, how they will view Tesla -- a year or two from now.