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  • Tesla stock falls on wider loss, CEO comments on cash need

    Shares of Tesla Motors Inc (TSLA.O) fell about 6 percent on Wednesday after the electric car maker posted a wider quarterly loss and said it may raise more cash to offset heavy spending on expanded production.

    A recently negotiated credit line can be extended from $500 million to $750 million and should be enough to cover planned investments in California and Nevada factories, Chief Financial Officer Deepak Ahuja told analysts on a conference call.

    But "there may be some value" in raising additional funds for "risk reduction," Chief Executive Elon Musk added. He declined to elaborate.


    More: http://www.reuters.com/article/2015/...0QA2GL20150805
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