On an investor call hosted by Citigroup and Goldman Sachs, Elon Musk talked up Tesla's self-driving story, and dodged questions about vehicle demand and margins.
Citibank and Goldman Sachs hosted a "broad investor call" with Tesla executives on Thursday, as the company announced plans to raise around $2 billion.
On the call, CFO Zach Kirkhorn reiterated that Tesla aims to deliver 90,000 to 100,000 vehicles in the second quarter, and between 360,000 and 400,000 vehicles in 2019. in new funds, held a "broad investor call" on Thursday, where CEO Elon Musk and CFO Zach Kirkhorn answered brokers' questions about their plans for the electric vehicle maker.
The call came as the company is looking to raise $650 million in equity and $1.35 billion in convertible bonds. Filings indicate that Tesla plans to use the capital for general corporate purposes. On the call, Musk said Tesla would be able to fund its business needs through cash flow, but that it was wise to have a buffer in case of a recession or weak global auto demand.
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