Moody's analyst: Tesla's 'extraordinarily aggressive' Model 3 production means it may need more money in 2019 (Video)

Tesla is looking to ramp up Model 3 production in an “extraordinary aggressive manner,” Bruce Clark, senior vice president at Moody’s, said in a Bloomberg interview discussing the Palo Alto-based carmaker’s attempt to raise $1.5 billion in new debt to fund manufacturing of its newest car.

“They haven’t been making money, they’ve been burning a lot of cash, and that cash burn is probably going to continue well into 2018,” Clark said in the above video interview with Bloomberg’s Julia Chatterley…