4 ms·

How long does Tesla have before it runs out of cash? I know they just had a bond sale or something, but I'm fuzzy on the details.

hndamien 9y ago
I'm going to go out on a limb and suggest that the crypto boom is going to produce a handsome windfall for tesla.
- acchow 9y ago
  Please explain
  - kgwgk 9y ago
    Maybe bitcoin millionaires will be buying Teslas?
    - zeep 9y ago
      the meme is usually lambos (something like this: https://totallycrypto.com/wp-content/uploads/2017/11/DSC3452.jpg https://totallycrypto.com/wp-content/uploads/2017/11/DSC3452...)
      - hndamien 9y ago
        Actions speak louder than words though.
        zeep 9y ago
        I don't personally know of any crypto-millionaire... do you?
        hndamien 9y ago
        Yes, I know 3.
    - hndamien 9y ago
      Bingo, we have a winner! PS: Tough crowd
- alexanat 9y ago
  How do you figure that? Elon invested in BTC and ETH? :)
  - deleted 9y ago
    [deleted]
  - bottled_poe 9y ago
    Elon, Aka Satoshi ;-)
- rconti 9y ago
  Different Tesla.
r00fus 9y ago
They have well over $3B cash on hand and no problems with the bond/credit markets. Do you think they'll still be burning all this capital to build the 5k/wk ramp up a year from now?
- bjl 9y ago
  > ...no problems with the bond/credit markets. That's simply not true. Their last bond issuance was well into junk bond territory, its unlikely they could issue another round without entering into insolvency. Tesla's only option, should they need cash, is to issue more equity, which has its own set of problems.
  - dx034 9y ago
    I'm sure they could raise more money but interest would probably be too high for it to make sense. They're already at a B- rating, a downgrade at any of the rating agencies would put them on the lowest (non-defaulted) rating. New debt would then probably carry 8-10% interest. Probably cheaper to raise equity by selling part of the company to another manufacturer.
- mcguire 9y ago
  At their current reported burn rates, they will go through $3B in 8 months.

hndamien 9y ago

I'm going to go out on a limb and suggest that the crypto boom is going to produce a handsome windfall for tesla.

acchow 9y ago
Please explain
- kgwgk 9y ago
  Maybe bitcoin millionaires will be buying Teslas?
  - zeep 9y ago
    the meme is usually lambos (something like this: https://totallycrypto.com/wp-content/uploads/2017/11/DSC3452.jpg https://totallycrypto.com/wp-content/uploads/2017/11/DSC3452...)
    - hndamien 9y ago
      Actions speak louder than words though.
      - zeep 9y ago
        I don't personally know of any crypto-millionaire... do you?
        hndamien 9y ago
        Yes, I know 3.
  - hndamien 9y ago
    Bingo, we have a winner! PS: Tough crowd
alexanat 9y ago
How do you figure that? Elon invested in BTC and ETH? :)
- deleted 9y ago
  [deleted]
- bottled_poe 9y ago
  Elon, Aka Satoshi ;-)
rconti 9y ago
Different Tesla.

r00fus 9y ago

They have well over $3B cash on hand and no problems with the bond/credit markets. Do you think they'll still be burning all this capital to build the 5k/wk ramp up a year from now?

bjl 9y ago
> ...no problems with the bond/credit markets. That's simply not true. Their last bond issuance was well into junk bond territory, its unlikely they could issue another round without entering into insolvency. Tesla's only option, should they need cash, is to issue more equity, which has its own set of problems.
- dx034 9y ago
  I'm sure they could raise more money but interest would probably be too high for it to make sense. They're already at a B- rating, a downgrade at any of the rating agencies would put them on the lowest (non-defaulted) rating. New debt would then probably carry 8-10% interest. Probably cheaper to raise equity by selling part of the company to another manufacturer.
mcguire 9y ago
At their current reported burn rates, they will go through $3B in 8 months.