Analyst with $1,000 bull case on Tesla: New $2 billion offering eliminates ‘doomsday’ cash worries
Wedbush Securities’ Dan Ives praised Tesla’s announcement on Thursday morning of a new $2 billion common stock offering.
“It’s a smart, strategic move,” Ives said on “Squawk Box.” “It takes any doomsday scenario around cash crunch … off the table.”
Shares of Tesla, which have skyrocketed recently, were under some pressure on Thursday after the company said before-the-bell that it’s planning a…
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