3 ms·
They've raised $15bn in total and their last valuation was about $70bn. In total they've lost around $6bn, meaning that between cash and credit facilities they
by georgespencer 10y ago
They've raised $15bn in total and their last valuation was about $70bn. In total they've lost around $6bn, meaning that between cash and credit facilities they have around $8-9bn in the bank.
- codecamper 10y agoAnd when they need to make profit they can easily fire about 90% of their workforce & keep the machine humming in place.
- cmahler7 10y agocan they? Their valuation is entirely based on self-driving cars, if they fire everybody and give up on that it's over for them.
- georgespencer 10y agoI think he's being sarcastic. But it looks like they only need to increase price by 15% to achieve profitability, so it doesn't require firing 90% of their staff to get there.