Bryce at Alphaville's Markets Live does the heavy lifting:
Oh, hang on, Neil Campling at Mirabaud has done the numbers on a Tesla cash call.
The
$2.6bln of Net Cash after paying the Convert needs to be adjusted for
this Q1 loss (takes it down to $1.8bln maybe) plus we need to remember
the Accounts Payable ($3bln) exceeds Accounts Receivable ($1bln) by
$2bln so technically speaking things are probably rather uncomfortable
This
company needs to raise money. Let’s pretend they issued 12mln shares at
$250. $3bln sorts out a lot of problems and increases the shares in
issue by just 7%. Easy. Except…he is in Court today so that might be
tricky just now but at least something to think about whilst he is in
the dock so to speak.
...
MUCH MORE, Goldman, Morgan Stanley, ML rabble.
