About 10B dollars in capital. Which Tesla should use some portion to pay down high interest debt, and the rest to accelerate growth. Also they should be courting a strategic partnership as part of that capital raise effort.
In the shareholder meeting we saw some acknowledgement that service centers followed by super chargers are the main drivers of orders by location. In many states in the US Tesla has quite limited service center presence so there are big opportunities for growth yet to be had just in the US.
It seems obvious but people won't buy cars if they aren't confident in being able to get them serviced. A larger capital cushion and paying down high interest debt also improve the finances, which goes to improve this situation by removing fears of bankruptcy.
It's notable that the biggest public face for Tesla bulls (Ark Invest) also consider capital raises in that ball park as part of their bull case.
In the shareholder meeting we saw some acknowledgement that service centers followed by super chargers are the main drivers of orders by location. In many states in the US Tesla has quite limited service center presence so there are big opportunities for growth yet to be had just in the US.
It seems obvious but people won't buy cars if they aren't confident in being able to get them serviced. A larger capital cushion and paying down high interest debt also improve the finances, which goes to improve this situation by removing fears of bankruptcy.
It's notable that the biggest public face for Tesla bulls (Ark Invest) also consider capital raises in that ball park as part of their bull case.
