When Tesla announced the latest quarterly on Wednesday, investors will focus on two major information: Model 3 models of the latest situation, and Tesla's burn situation.
In order to produce the highly anticipated Model 3 and expand the battery capacity, Tesla spent about $ 1.2 billion in the second quarter, in order to replenish liquidity, the bank's bank analyst Colin Langan said, Bond financing of $ 1.8 billion, so the cash in hand is about $ 5 billion.
Despite the completion of the financing, Tesla's current spending rate is still very radical, so Lan Gan Tesla is expected to burn cash in about four quarters, only the third quarter will spend about 900 million US dollars of funds at the same time , The company at the end of 2018 there are 14 billion US dollars debt expires.
'Because of the limited profitability of Model 3, we need to expand our infrastructure and build capacity for Model Y (at the end of 2019), so we think Tesla will eventually need additional financing.'
Swiss banks reiterated Tesla's 'sell' rating, giving a $ 12 target price of $ 185, down about 42% from the current share price.
Tesla has not yet commented on the market is expected to Tesla third quarter loss of $ 2.23 per share, revenue 2.94 billion US dollars.