Economy Tesla plans to invest at least $ 2.5 billion...

Tesla plans to invest at least $ 2.5 billion in 2020> teslamag.de

-

“Take up money when you can, not when you have to” – he always teaches this to students in his course on strategic equity finance at Wharton Business School, writer David Erickson writes in a recent article on Tesla’s valuation. At least in this regard, the electric car pioneer follows common management theories: This week he announced a capital increase, although CEO Elon Musk had only announced 14 days earlier that Tesla needed absolutely no money.

But on the same day that the unexpected capital increase was announced, Tesla released another stock market document that shows that a little extra money might not hurt Tesla: Form 10-K with detailed information on business performance and plans , As it shows, Tesla plans to invest at least $ 2.5 billion this year.

That alone would be almost twice as much as in 2019, when Tesla, according to finance lecturer Erickson, invested only $ 1.3 billion instead of the planned $ 2-2.5 billion. And the forecast of Tesla’s $ 2.5 billion investment this year is just the bottom. Investments could also reach $ 3.5 billion a year, Tesla says in 10-K, not only in 2020, but also in the two years thereafter.

According to Tesla, it is difficult to say exactly how much it will be because “the number and breadth of our core projects is high at all times”. With each ramp-up for new products like Model Y and Solar Roof recently, the schedule is uncertain, and depending on the progress, some investments may be made earlier.

Most Recommended Web hosting

World News : archywordys.com

It is known for 2020 that Tesla wants to complete a production line for the Model Y in the Gigafactory in China, the construction of which started in late 2019. There will also be expenses for the preparations for and then the construction of the Gigafactory in Germany, which is due to start operating in the summer of 2021. According to Tesla CEO Musk, the production of generation V3 superchargers and the photovoltaic roof Solar Roof should also be increased significantly.

The big unknown, after all, is Tesla’s own battery cell production, which according to Musk could take on gigantic proportions. Preparations for pilot production at the Tesla headquarters in Fremont are currently being made. When it starts on a large scale, so that high investments should be incurred, will probably not be cleared until a spring at a Tesla battery investor day.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Coronavirus, the latest news from Italy and the world

3.44 pm - Lamorgese: To date 5.6 million checks and 200 thousand violationsThe efforts...

The Best Defensive Lineup Players in 2020 NFL Draft Season

There are only a few days left before the player selection meeting would happen. If all things lined up,...

Contactless payment with bank card raised to 80 francs

Mastercard, Visa, Postfinance and American Express raised contactless payment with their respective cards from 40 to 80 francs to...

Sierhuis in shock due to suicide ‘fantastic’ club doctor: ‘You saw it in nothing’

Kaj Sierhuis was shocked by dramatic news last weekend. Bernard Gonzalez, the 60-year-old club doctor at Stade Reims, committed...

Intel and Mozilla Provide Access to Intellectual Property for Corona Control – IT Pro – News

like us? like me? not really.have you ever seen Tell Sell on TV just to take a ridiculous example?you...

Must read

You might also likeRELATED
Recommended to you