[avoutthere]

It sounds to me like Musk has a card up his sleeve. If he were truly in fear for the continued existence of Tesla, he would have been very patient and accommodating toward those whom he might need to approach later for more capital. I suspect that he has already secured the capital (or assurances that he will).

[dragonwriter]

> It sounds to me like Musk has a card up his sleeve.

It sounds to me like Musk has been projecting near term (<1 year, sometimes even “next quarter”) transition to being cash flow positive and not needing new capital regularly for six years now and is used to just getting away with it even though it's been wrong every time.

[ww520]

No doubt he can raise the needed capital this year, but at what terms and at what dilution. The stock price probably reflects the expected dilution coming up.