Cash burn rate is rising, Tesla may need to raise more funds - tech blog
"In its most recent quarter, Tesla Motors reported negative free cash flow of $558 million, raising alarms from analysts that the company could run out of cash by years end. Even the announcement of a new $500 million credit facility last month has not quieted speculation that the company will need more money.
"Teslas cash burn - its stockpile has dropped from $2.7 billion to $1.5 billion in the last three quarters - has drawn gawkers on Wall Street and in the press. Most of the attention has been on its massive capital expenditures, which capture the imagination and are indeed the major driver. The company has said it plans total capital expenditures of $1.5 billion this year, including its Gigafactory battery plant in Nevada and a paint shop being touted as the worlds most advanced."