(Reuters Breakingviews) - Tesla’s $2 billion capital raise is repeating the sins...
A Tesla Model X vehicle is charged by a supercharger outside a Tesla electric car dealership in Sydney, Australia, May 31, 2017. REUTERS/Jason Reed
Musk had previously said the company would generate enough cash on its own, but the $702 million loss it reported for the first three months of 2019 suggests otherwise. Musk duly conceded that might be time to raise capital, but also claimed last week in a call with analysts that not doing so earlier had been an attempt to encourage a healthy “Spartan diet.”
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