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Tesla’s master plan could cost $10bn

Tesla’s master plan could cost the automaker “tens of billions” of dollars over the long term, but would likely require only a “modest” capital raise, Elon Musk said after a tour of his gigafactory in Nevada. Because the plan will roll out over a number of years, it could be mostly funded from sales of vehicles, particularly the Model 3, he added. Musk took heat from investors last week after delivering a plan that was short on “financing details,” and followed what was already a rocky month for Tesla (NASDAQ:TSLA) due to a fatal Autopilot crash in Florida.