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SEC Filing: http://sec.gov/Archives/edgar/data/1318605/000119312510017054/ds1.htm http://sec.gov/Archives/edgar/data/1318605/00011931251001705... This isn't ne
by steveplace 17y ago
SEC Filing: http://sec.gov/Archives/edgar/data/1318605/000119312510017054/ds1.htm http://sec.gov/Archives/edgar/data/1318605/00011931251001705...
This isn't necessarily a good thing for the sector/company.
Also:
Risks Affecting Us
Risk Factors:
our limited operating history makes evaluating our business and future prospects difficult, and may increase the risk of your investment;
we have a history of losses and we expect significant increases in our costs and expenses to result in continuing losses for at least the foreseeable future;
our future growth is dependent upon consumers’ willingness to adopt electric vehicles;
we are dependent upon our ability to fully draw down on our loan facility from the United States Department of Energy, which may restrict our ability to conduct our business;
our distribution model is different from the predominant current distribution model for automobile manufacturers, which makes evaluating our business, operating results and future prospects difficult;
we are almost entirely dependent upon revenue generated from the sale of our electric vehicles, specifically the Tesla Roadster, in the near term, and our future success will be dependent upon our ability to design and achieve market acceptance of new vehicle models, and specifically the Model S;
we anticipate that we will experience a decrease in revenues and increase in losses prior to the launch of the Model S;
our production model for the non-powertrain portion of the Model S is unproven, still evolving and is very different from the non-powertrain portion of the production model for the Tesla Roadster; and
we may experience significant delays in the design, manufacture, launch and financing of the Model S.