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Tesla announced its long-awaited $35,000 Model 3 on Thursday.

Buried beneath the headlines was an increase in the required down payment.

One Wall Street analyst says this could help alleviate the need to raise cash.

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Tesla on Thursday announced the arrival of its $35,000 Model 3 sedan, something CEO Elon Musk has been promising since March 2016.

The announcement was accompanied by a bevy of other headlines, including Tesla shuttering "many" of its 378 retail stores and Musk's belief that the electric-car maker likely wouldn't turn a first-quarter profit.

The mass-market vehicle could spark a number of new orders, and help the automaker alleviate one of Wall Street's biggest concerns surrounding the company. Back in July, Tesla dropped its $1,000 reservation fee and instead only required a $2,500 deposit.

In a note to investors out Friday, Morgan Stanley analyst Adam Jonas said that the Model 3 announcement coupled with the $2,500 deposit was a "pseudo-capital raise."

"We don't doubt that reducing the price point and cutting price could help pull-forward cash and delay a painful working capital outflow that may have otherwise accompanied an abrupt slowdown in production," Jonas added.

"If orders jump by 100k units (which we believe is possible), that alone can pull in $250mm of cash onto the balance sheet. While only 1/10th of the $2.5bn we have forecasted Tesla to raise in the equity market in 3Q... it’s nevertheless a material sum."*

Read more: Tesla's $35,000 Model 3 is coming — here's what Wall Street is saying

Wall Street analysts have long questioned whether Tesla will need to raise cash this year to help fund projects like its China Gigafactory as the company has $920 million of debt coming due in March.

"In our opinion, a capital raise could reduce many investors' concerns about financial pressure during a critical time of market expansion and strategic partnership," Morgan Stanley analyst Adam Jonas said in December, suggesting the automaker would need to raise at least $2.5 billion to keep its investors happy.

Those comments came before Tesla's fourth-quarter released at the end of January, in which Tesla said it has "sufficient cash to comfortably settle in cash our convertible bond that will mature in March 2019." That contradicted a Bloomberg report from December that stated Tesla would pay the debt with a mix of equity and cash.

* This story previously included the following quote: "In addition to the support of working capital, Tesla appeared to raise the required deposit amount to $2,500 (from $1k previously)," which was made in error by Jonas. Business Insider has changed the headline of this story to reflect this.

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