Tesla bear Goldman Sachs predicts Musk might need to raise $10B in debt to stay afloat
May 18, 2018 at 10:07 AM EDT
Tesla is burning through cash so quickly it may have to raise up to $10 billion in new debt to stay in business, according to analysts at Goldman Sachs. That directly contradicts CEO Elon Musk, who’s twice told investors his company will achieve profitability this year and raise no additional capital in 2018.
