After the fundraising analysts continue to debate whether Tesla is going to zero due to its mountain of debt and appetite for burning cash.
The share price is now down 49 per cent since mid-December.
Funding secured.
Incoming windfall
Also of interest overnight, the benchmark spot price for 62% Fe iron ore was up another 3.4 per cent to fresh 5-year highs at $105.78/t.
The price is up by more than 12 per cent in a week as stockpiles are run down in China.
The low point was just $38.30/t in December 2015.
Rivers of gold here for the government's receipts, given that even $10 above the Budget assumptions sustained through the year can add $12 billion to nominal GDP and $3.6 billion to tax receipts.
The 2019/20 Budget had assumed that the free-on-board (FOB) spot price would fall through the fiscal year to US$55/tonne by the end of March 2020.
What a windfall incoming here!
