By CCN: Tesla stock flew higher when Elon Musk had announced that the electric vehicle maker will raise more than $2 billion in capital through stock offerings to finance ambitious initiatives such as robotaxis, but he is now singing a different tune. Musk to review all of Tesla’s expenses in new cost cutting plan https://t.co/lftMYvH3LF pic.twitter.com/9zZdnSsH9Z — Reuters Top News (@Reuters) May 16, 2019 Musk shows desperation as Tesla stock moves toward new lows In an email to employees (obtained by CNBC), Musk admitted that Tesla is in danger of running out of money in the next 10 months. He
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Source: https://www.ccn.com/tesla-stock-dump-elon-musk-cash-flow-desperate