JP Morgan analyst says Tesla may have to sell shares

Newswire

* JP Morgan: Tesla may need to sell additional equity * Company needs to fund upcoming vehicle program * JP Morgan analyst: keeps price target at $30 DETROIT, Feb 16 (Reuters) - Electric car maker Tesla Motors may have to raise additional capital by selling shares because of the cost to launch upcoming vehicles that are key to its growth strategy, J.P. Morgan analyst Himanshu Patel said on Wednesday. Tesla reported a quarterly net loss that more than doubled to $51 million from a ...

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