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Tesla's China plan needs more time/money - Heard on the Street

Oct. 19, 2018 8:39 AM ETTesla, Inc. (TSLA) StockTSLABy: Stephen Alpher, SA News Editor205 Comments
  • While Elon Musk says Tesla's (NASDAQ:TSLA) Shanghai factory should cost around $2B, Goldman believes the price tag could be double or more that amount, writes Jacky Wong. And that cash needs to be raised on top of the $4.3B in refinancing necessary on existing paper coming due in 2020.
  • Then there's time - it could be two-three years before the new factory will be up and operating. In the meantime, the company will continue to suffer under tariffs and competitors will continue to catch up.
  • In other news, Morgan Stanley's Adam Jonas is out with a bullish note - he thinks the company could provide very strong guidance on profits and cash flow for Q4.
  • Shares +1.55% premarket

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