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Before claiming he is stupid, you need to read the balance sheet. They have enough cash in hand to pay the maturing debt. If they are cash flow positive, technically they don't need to raise money. However, Tesla wants to expand to start production of Semi and Model Y. Analysts predict they need to raise money for setting up production (which is technically optional).

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>Before claiming he is stupid, you need to read the balance sheet

Before you tell someone they need to read the balance sheet, you should read the balance sheet.

Tesla has $3.5BB in cash, which they are burning through at the rate of almost $1BB a quarter, and have $4.1BB in accounts payable. Those are "bills", and their cash doesn't cover that amount, let alone the long-term debt payments.

They've been accumulating cash by letting their bills pile up; this figure grew over $1BB quarter over quarter.

Accounts payable is a rotating line i.e. there is turnover. The first X gets paid and a new X comes in. It did not grow $1B qoq.

The burn rate of of $1B+ would need to go to 0 to be called profitable + cash flow positive. Profitable => Net income > 0; cash flow positive => including capex net cash flow into business > 0.

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