Good point! Still, Tesla went from -$520 million to +$516 million in non-GAAP net income, and that's with the vast majority of 3s being sold in the US. Expanding to Canada and launching in Europe should be very profitable.

In terms of capital raises, this SA article posits why Tesla may not need as much capital going forward.

https://seekingalpha.com/article/4100718-teslas-unusual-sour...