From Electrek: Top Tesla (TSLA) analyst sees a need for the company to raise $12 billion

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Top Tesla (TSLA) analyst sees a need for the company to raise $12 billion



Elon Musk surprised Wall Street last week when he said that Tesla and SolarCity will not need to raise capital before the end of the year and “likely” not until the second quarter 2017. It was going against what Tesla had been guiding for the past few months, but it also came after the automaker confirmed record delivery numbers for the last quarter.

However, Wall Street analysts are still expecting Tesla to need to raise substantial amounts of money in the near future and now one of the top analyst covering Tesla, Oppenheimer’s Colin Rusch, is weighing in on just how much the company would need. more…

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