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And somehow even with favorable terms Solar City is hemorrhaging cash and has a grim outlook for the future.
by jonknee 10y ago
And somehow even with favorable terms Solar City is hemorrhaging cash and has a grim outlook for the future.
- toomuchtodo 10y agoSales and marketing expenses. Cut those and SCTY is cash flow positive.
- jonknee 10y agoBut then revenue plunges and its value plunges accordingly thanks to negative growth rates.
- toomuchtodo 10y agoWhich is where Tesla comes in with its existing marketing and sales channels. And why it's a sound strategy to acquire SCTY.