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Elon Musk, chairman in addition to chief executive officer of Tesla Motors, center, participates from the opening bell ceremony at the Nasdaq Marketsite with his twin boys Griffin, green shirt at center, in addition to Xavier, right in blue shirt, in addition to his fiancee (at the time) Talulah Riley, second by right, in brand-new York, U.S., on Tuesday, June 29, 2010.
Tesla CEO Elon Musk has no intention of raising more capital, even though some on Wall Street think he should.
Asked on Wednesday if he might consider today a Great time to raise more money, Musk simply said “no.”
“I specifically don’t want to,” he said, on a conference call after Tesla posted first-quarter earnings in which beat expectations.
Tesla finished the quarter with about $2.7 billion in cash, down by a balance of $3.4 billion at the end of last year. however the item is actually hard to see how they will not have to raise capital by some time early next year in order to keep funding their ambitions in addition to providing themselves some kind of financial cushion.