Tesla carries a valuation combining the scale of global car manufacturer with the multiples of a tech startup. At a fundamental level, the vast majority of the stock's value pertains to billions of dollars of cash flow projected to materialize a decade or more from now (Tesla burns cash by the wheelbarrow-full right now). Wall Street's analysts justify stratospheric price targets with bullish assumptions about growth and eventual profits and, in at least one case, Tesla's roaring success in a business it doesn't even have right now.

In the first quarter, Tesla delivered 14,820 vehicles. That fell short of expectations for 16,000, giving fuel to critics who question whether Tesla can make the jump from niche automaker to mass-market company. For the full year, Tesla still expects to deliver 80,000 to 90,000 vehicles.

As orders for Tesla's new Model 3 climb, they're also raising a question that's critical to the automaker's future: Will the company need to raise billions of dollars to expand its capacity?

Officially, Tesla has given no indication it needs more cash. But analysts said the automaker could be primed to use a surge in Model 3 reservations — which have already topped 325,000 — as leverage to raise capital.

Barclays analyst Brian Johnson told investors he thinks the automaker could seek to raise $3 billion to expand capacity and better meet a surge in demand. Raising billions either in the debt or equity markets is likely to give investors pause, and cause them to calculate how much that new capital would weigh on Tesla's bottom line.
As of fourth quarter 2015, Tesla had $2.64 billion in long-term debt.

"We believe Tesla may justify an additional capital need by citing that demand exists to build more car and battery factories sooner rather than later, while also taking advantage of an open capital market," Johnson said.

Tesla Motors Inc. has surprised parts makers with plans to move up high-volume production of the Model 3 to 2018, two years earlier than planned -- an acceleration that supplier executives and industry consultants say would be difficult to achieve and potentially costly.

In the past three months, Tesla has told suppliers the company was doubling its original production projections to 100,000 Model 3s in 2017 and 400,000 in 2018, several supplier industry executives familiar with the plans told Reuters.

Tesla’s stock was down $2.83 to $221.77 a share in midday trading Wednesday.

Lastniki modela P90D Ludicrous lahko svoj model posodobijo in vanj vgradijo 100 kWh baterijo, vendar bodo morali za to plačati 20.000 dolarjev. V ceni je že vključeno recikliranje stare baterije in namestitev nove. Vsi tisti, ki so že kupili P90D Ludicrous, a ga še niso prejeli, pa lahko z doplačilom 10.000 dolarjev hitro nadgradijo svoj izbrani model.