Barron’s: “Tesla Should Sell Stock to Raise Capital to Pressure EV Rivals, Says Strategist”By datatrekresearch in IN THE NEWS
Excerpt from Barron's quoting DataTrek co-founder Nick Colas:
... "Tesla worked hard over the years to become a profitable maker of electric vehicles. Now one analyst thinks it needs more capital, and should issue more stock to help extend its lead over the EV competition.
“If I were advising Tesla (ticker: TSLA), I would recommend an equity issuance of $10 billion to $15 billion as soon as possible,” wrote DataTrek cofounder, and former automotive analyst, Nicholas Colas in a Wednesday note"....
Full article here on Barron's!