Jeffrey Osborne, an analyst at Cowen, cut his price target for Tesla from $160 to $150 in a note to investors on Friday.
's upcoming capital raise was"badly needed" but too small to cover future costs.
Jeffrey Osborne, an analyst at Cowen, cut his price target for Tesla from $160 to $150 in a note sent to investors on Friday. "We update our model to reflect the up to $2.7bn capital raise, which was badly needed but do not see this as sufficient to fund capex, pay off debt, and offset the cash burn that is playing out with lower than planned volume and margins on the Model 3," Osborne said.Tesla's stock reclaims a key level after the electric-car maker ups the size of its capital raise
The electric-car maker will offer 3.1 million shares of its stock and $1.6 billion worth of convertible notes, it said in new regulatory filings. Tesla had previously planned to offer 2.72 million shares and $1.35 billion worth of convertible notes.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Tesla's Musk agrees to new vetting rules for tweets in SEC dealTesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities ...
और पढो »
Elon Musk claims Tesla will have 1 million robotaxis on roads next year, but warns he's missed the mark beforeThe Tesla CEO warned investors, 'Sometimes I am not on time, but I get it done.'
और पढो »
Elon Musk may buy $10 million of Tesla stock in new offeringIt only took one word from Fed Chairman Jerome Powell on inflation to send the markets reeling, and that word was 'transitory.'
और पढो »
Elon Musk And The Tesla Automation Strategy: A Disruptor In Vehicle Safety Or Not?Looking closely at Lex Fridman’s interview of Elon Musk, points are raised regarding the safety and the need for driver monitoring that require increased data transparency and deeper thought about the need for driver attention management and motivating safety.
और पढो »
How to Invest in Tesla While Avoiding the Elon Musk DramaTesla has offered securities backed by customers’ car lease payments, not the electric-car company’s uneven cash flows. They can be a good alternative to short-term bonds.
और पढो »
Elon Musk, SEC settle legal fight over his tweets about TeslaTesla Inc.’s chief executive and the U.S. Securities and Exchange Commission said in a court filing Friday that they are settling a legal dispute over how Musk posts news about his electric-car company.
और पढो »
Elon Musk and the SEC resolve dispute over the Tesla CEO’s tweetsThe SEC had asked a federal judge to hold Musk in contempt over a tweet concerning Tesla's production numbers.
और पढो »
Elon Musk, SEC Propose Deal to End Latest Court Fight Over Tesla CEO’s TweetsElon Musk and the Securities and Exchange Commission have proposed a deal to end the latest court battle over Mr. Musk’s tweets. The agreement would avert the risk of the Tesla CEO being held in contempt of court.
और पढो »