Tesla is crazy to avoid raising new capital with its stock still riding high (TSLA)

Tesla CEO Elon Musk has repeatedly said that Tesla won't need to raise funds in 2018.
But the company could run out of cash by the end of the year.
Raising now, with Tesla stock trading a high level, makes sense.
Tesla shares are down about 5% year-to-date, but over the past three years, they're up nearly 30%, and at one point in 2017, the stock was threatening $400 (it's at about $303 on Monday).
Meanwhile, Tesla has less than $3 billion in cash — and expects to spend $3 billion this year