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Elon Musk Makes 500 bn USD Self-Driving Car Pitch to Investors
May 06, 2019
Tesla-CEO Elon Musk said that the company looks at the autonomous-driving technology as a “transformative” disrupter and said that Tesla may become a half-trillion-dollar market cap company. He was talking to the investors recently when he said that the company is on the brink of launching a million vehicles on the road that are self-driven. He also proposed raising minimum funding of 2 billion USD through the stock and debt offerings in light of the first quarter cash balance depleting to the lowest level in 3 years.
Tesla delivered 63,000 cars in the first quarter but expects to deliver up to 100,000 vehicles in the second quarter.
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