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3 Banks Funding Fossil Fuels The Most Keep Telling You To Sell Tesla Stock [TSLA]

A few weeks ago, thanks to a friendly Tesla fan on Twitter, The Guardian, and Rainforest Action Network, I shared the news that the top 3 banks funding fossil fuel development also — through a different arm — are providing bearish forecasts for Tesla [TSLA] and recommending traders sell the stock rather than buy it. The update this week: despite a surprise profit in quarter 3 and much of the market swinging in the other direction, the Tesla analysts at these top 3 fossil fuel funders are holding steady on their bearish stance and recommendation to sell.

Tesla Raising ~$2 Billion

Doing what Ross Gerber (and others) expected, Tesla has announced it is raising approximately $2 billion dollars to boost its balance sheet. Tesla CEO Elon Musk seemed to hint recently that the company would do that. Some of our others may comment on this topic further in the coming hours and days, but in the interest of covering the news in a timely manner, below is Tesla’s press release on this topic.