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I think that may be the core point of why they are doing this. They are in a cash crunch, if they get enough deposits it can certainly help their bottom line...
by aerophilic 9y ago
I think that may be the core point of why they are doing this. They are in a cash crunch, if they get enough deposits it can certainly help their bottom line... without dilution.
- doikor 9y agoDeveloping a car like to a car to that state (drivable at the event) will have taken 2 or 3 years already so I doubt it originally started as a fix for cash flow.
- aerophilic 9y agoAgreed, but I would be surprised if that didn’t play into the math. One of Elon’s greatest strengths is to think ahead strategically and position himself for maximum upside towards his goals. So yes, I am sure he didn’t think he would need this to help with Model 3, but I am sure he knew he would need more cash on hand to make another “big bet”. Unfortunately it looks like this cash will go to current projects rather than a brand new initiative. Unless of course this was to help with Tesla Semi...