Management said they don't need to raise funds to cover the capex needed to ramp up Model 3 sales to 7/week, which is (as confirmed multiple times by Musk) more than needed to turn a profit. They just need to turn a profit in Q3 to get the stock price back up and then, they might raise funds to finance the next products (Model Y, truck and Semi). Why raise funds when Wall Street bet on the company to go bankrupt? Raising capital in this environment would mean that the management don't believe in their ability to turn a profit. But then, why raise further equity and make the problem worse?
Occam razor: they expect to be profitable this quarter and are more patient than short-term speculators.
Occam razor: they expect to be profitable this quarter and are more patient than short-term speculators.