Tesla’s U-turn Puts It Back at Square One on Cash

Tesla’s U-turn Puts It Back at Square One on Cash
SpaceX founder Elon Musk pauses at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. (Reuters/Joe Skipper).
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Elon Musk’s take-private plans for Tesla Inc have evaporated, but the company’s looming debt needs remain.

With a debt load of about $10.5 billion and the possibility of an impending cash shortfall, Wall Street expects the luxury electric carmaker may need to raise funds before long.