Still, the big news – that is, something that's actually happened, not just bloviations about the future – is that Tesla raised more than a billion dollars in cash last week by increasing the amount of debt and equity it was offering. Instead of selling a total 2.7 million common shares, CEO Elon Musk put up 3.39 million, and bought $100 million himself. This showed confidence, which was admittedly already there, and Tesla raised far more than the $830 million originally expected. The money will be used, in part, to pay back the US government for the $465-million Department of Energy loan.
The good news prompted an unnamed banker to tell IFR what it looks like on the other side of the skepticism spectrum: "[CEO Elon] Musk has a vision of creating a $50 billion-plus company in five years," adding, "There is a fundamental view of a scenario where Tesla becomes the next GM or Ford."
*UPDATE: Musk just Tweeted that Tesla will likely pay back the DOE loan Wednesday.