Money

There's growing concern over Tesla's finances - and Wall Street's convinced the company will need to raise money soon

8 monthes ago   |   By Business Insider

Lucy Nicholson/Reuters
Tesla says it will be profitable by the end of the year and won't need to raise more cash. Many on Wall Street disagree.
The company lost $3.35 per share in the first three months of the year, while burning through $1.1 billion.
Shares have lost 11% this year amid production delays, a spate of executive departures, and a bizarre conference call.
Goldman Sachs analysts said earlier this month that they thought Tesla would need to raise $10 billion in the next 18 months. And this week, UBS analysts said they thought Tesla would need to raise additional capital before...
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Domo, a $2 billion Utah startup, filed for an IPO - and warned it will need to 'significantly reduce operating expenses' if it doesn't raise money by August

Domo, a $2 billion Utah startup, filed for an IPO - and warned it will need to 'significantly reduce operating expenses' if it doesn't raise money by August

8 monthes ago   |   By Business Insider

Domo, a $2.28 billion data analytics startup, has filed to go public.
It's not profitable, according to the filings: In 2017, it posted an overall loss of $176.6 million on revenues of $108.5 million.
The filing says that it needs additional cash by August or else it could face a major restructuring - explaining the timing of the IPO.
Domo, the Utah-based data analytics startup last valued at $2.28 billion, filed for its long-awaited IPO on Friday.
The filing reveals that the company generated $108.5 million in revenue in 2017 - but recorded an overall net loss of $176.6 million. That's...
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