Tesla Announces $2B+ Capital Raise
HyperChange
English - February 14, 2020 21:32 - 16 minutes - 30.4 MB - ★★★★★ - 97 ratingsTechnology Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Did Tesla Acquihire A Colorado Battery Startup?
Next Episode: Tesla + CATL = LFP, Cobalt-free, Prismatic Batteries?!
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.