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Tesla Announces $2B+ Capital Raise

HyperChange
HyperChange
Episode • Feb 14, 2020 • 16m

Tesla surprises the market and announces a $2B+ capital raise. This will give the company capital to accelerate new Gigafactory plans (Texas?), and ramp battery production (Maxwell?), while only diluting by 1.5%. In its newly release 10K, Tesla has upped its CAPEX guidance to $2.5-$3.5B annually, for the next 2-3 years. Additionally, this raise will give the company a bigger cash cushion if a recession were to hit.

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