Swedish Market Economy

Wednesday, August 31, 2016

Tesla’s cash runs dry: Need new capital – Swedish Dagbladet

Elon Musk. Photo: Marcio Jose Sanchez / AP

The capital must either be through the issue of new shares or a bond, according to documents submitted to the US Treasury Inspection SEC.

Earlier in August, stated Tesla Motors that ended the second quarter with 3.25 billion (about 28 billion) at the box office, but since then the company including paying back a loan of $ 678 million.

Tesla Motors has gone back for fourteen consecutive quarters, and had a negative cash flow since early 2014. during the first half of this year, Tesla delivered 29,222 vehicles, which was below the company’s goals.

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Cecil at 12:28 PM
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