Tesla May Need to Raise Capital After Losses, Analysts Say
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Analysts are voicing concerns about Tesla Motors Inc.’s cash, saying the maker of electric cars and energy-storage products may need to raise money.
Tesla said it had $1.51 billion in cash and cash equivalents as of March 31, down from $1.91 billion three months earlier. Adam Jonas, an analyst with Morgan Stanley, called Tesla’s cash burn “eye watering” in a note early Thursday.