It wasn't too hard to see this coming. Tesla acknowledged that it underestimated Model 3 demand by a wide margin, and there was no way that it could maintain its existing production plans (which had the battery-making Gigafactory in full swing by 2020) while keeping many of those customers happy. The big question is whether or not this influx of cash will be enough by itself. Musk suggested that there might be a need for debt, and further fundraising is all the more likely if demand for the mainstream EV keeps up.

Update: Strictly speaking, that $600 million in shares is being sold to Musk at a discount. He can sell it if he wants to and the money will go to him (presumably before he pours it back into Tesla). Thanks, Waetherman.