Tesla (TSLA) Terafab plans point to inevitable capital raise — its first since 2020
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Summary
<div class="feat-image"><img src="https://electrek.co/wp-content/uploads/sites/3/2025/05/Elon-Musk-Tesla-Money-hero.png?w=1600" /></div><p>Tesla’s “Terafab” semiconductor ambitions to launch this week carry an estimated price tag of $25-40 billion. The math is getting hard to reconcile with a company that generated just $6.2 billion in free cash flow last year while its earnings crashed.</p> <p>Tesla hasn’t raised capital through a stock offering since December 2020, when it completed the last of three at-the-market offerings that brought in roughly $12 billion in a single year. The Terafab changes the equation entirely.</p> <a class="more-link" href="https://electrek.co/2026/03/17/tesla-tsla-terafab-capital-raise-secondary-offering/#more-460055">more…</a>
<div class="feat-image"><img src="https://electrek.co/wp-content/uploads/sites/3/2025/05/Elon-Musk-Tesla-Money-hero.png?w=1600" /></div><p>Tesla’s “Terafab” semiconductor ambitions to launch this week carry an estimated price tag of $25-40 billion. The math is getting hard to reconcile with a company that generated just $6.2 billion in free cash flow last year while its earnings crashed.</p>
<p>Tesla hasn’t raised capital through a stock offering since December 2020, when it completed the last of three at-the-market offerings that brought in roughly $12 billion in a single year. The Terafab changes the equation entirely.</p>
<a class="more-link" href="https://electrek.co/2026/03/17/tesla-tsla-terafab-capital-raise-secondary-offering/#more-460055">more…</a>