Credit Suisse

The Chinese Market For Tesla Is Vast

The Chinese market for Tesla is potentially much bigger than that of the U.S., despite a common myth about Tesla’s affordability in China. There’s a common implication that many people in China are poor and cannot afford to buy a Tesla, so there is not much of a market for Tesla in China. A new study shows just how wrong this common lie is that Tesla short sellers tell each other as they convince themselves that they will get rich shorting Tesla.

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.