This article is more than 1 year old

Cash crunch at Tesla

Tesla is to raise cash via a debt or equity offering to fund production of the Model S Sedan and build a battery factory.

The electric car maker, which has been heavily subsidised by the US government, is feeling the pinch from the $2.6bn buy of Solar City at the start of last month.

The company reported operating losses for the past 14 straight quarters and negative cashflow since 2014. ®

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