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Tesla may face higher financing costs and growing questions about Morgan Stanley and Goldman Sachs' banking relationship with the electric car manufacturer, the FOX Business Network has learned.
"They are very concerned about Tesla's exhausted finances, both by the banking world and the banks, and by the growing competition," said Charlie Gasparino of FOX Business at the Milken Institute's global conference in Beverly Hills. California.
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During a recent earnings call, Musk said the electric automaker would need to raise more funds after recording a $ 700 million loss for the first quarter.
"The idea of raising funds is interesting at this point," Musk said last week. "It is very important, as the business evolves, to have a solid foundation, an appropriate financial discipline and a very efficient use of resources. At this point, I think we are doing it. "
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| TSLA | TESLA INC. | 241.47 | 6.33 | + 2.69% |
Bankers report that Tesla will have to pay for any new funding agreement in the coming months.
Tesla reduced his afternoon earnings following Gasparino's tweet. Shares of the electric car maker ended Monday at $ 241.47, up 2.69%. Tesla just plummeted 14% last week, its worst since August of last year.
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Tesla, Morgan Stanley and Goldman Sachs did not comment immediately.
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