I think you are applying the software startup metric to industrial company. For typical SV startup lack of demand is the single most critical issue (hence the "

I think you are applying the software startup metric to industrial company. For typical SV startup lack of demand is the single most critical issue (hence the "make something people want" YC motto), nothing comes close. Tesla has plenty of demand. But being industrial company, Tesla is not solely about making something people want. It's about making it on scale, and showing profit. So far, each model Tesla made meant more debt on balance sheet, and bigger quarterly losses. Once they break this trend, they are golden. But this moment is not yet, and not even on the horizon, meaning another capital rise this year.