The past month has proved to be a roller coaster ride for American EV manufacturer Tesla. Since the explosive tweet on August 7 by Tesla CEO Elon Musk stating his intention to take the company private to his reversal on August 24 to keep the company public has picked up mixed opinions on the company’s financials stand.

Analysts believe that the reversal only showed how poorly thought the decision to take the company private was

Analysts believe that the reversal only showed how poorly thought the decision to take the company private was. Post such massive developments, the company’s $10 billion still remains. However, other crucial aspects which including the trust over the company’s growth might have taken a serious hit.

The EV manufacturer since the fourth quarter of 2013 has only once shown positive cash flow. “Now that the go-private transaction isn’t happening, we think it’d be wise for Tesla to protect the downside and at least try to raise significant new equity capital sooner rather than later,” analyst Itay Michaeli said in a note to clients

Since the explosive tweet on August 7 by Tesla CEO Elon Musk stating his intention to take the company private to his reversal on August 24 to keep the company public has picked up mixed opinions on the company's financials stand.

However, amid the scepticism one of the analysts suggested a bright side of the company’s actions so far.

“After Elon Musk on Friday expressed his desire for Tesla to remain public, the board of directors issued a statement indicating that they ‘fully support Elon as he continues to lead the company moving forward,'” Shah said in a note to clients Sunday. “That should come as a big relief because Tesla can’t work without Elon Musk, in our view.” said Nomura Instinet analyst Romit Shah

The article was adapted from an article at Nikkei Asian Review, which you can find here.