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Goldman Sachs:Tesla needs $10 billion by 2020

Goldman Sachs:Tesla needs $10 billion by 2020

Image credit: Wikimedia Common

According to a report by investment bank Goldman Sachs, Tesla may require $10 billion to continue manufacturing its electric cars and expanding in China. Tesla CEO, Elon Musk has said that he wouldn’t be raising capital this year, but for the company to survive, they would require funding through sources like bonds, convertible notes and equity shares. In the first quarter of 2018, Tesla has spent $1 billion.

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