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$230M means about 45k Model 3 sales assuming no other income. Or about 25k Model S/X sales assuming no other income. Or two dozen big battery installations assu
by manicdee 9y ago
$230M means about 45k Model 3 sales assuming no other income. Or about 25k Model S/X sales assuming no other income. Or two dozen big battery installations assuming no other income.
But since Tesla is manufacturing Model S, Model X, Model 3, Powerpack and Powerwall, it’s a safe bet that $230M will be covered with expected sales even if Model 3 production stalls at this week’s peak.
$920M next year means Tesla have to reach 50k Model 3 a month with no other income.
If they start rolling out Solar Roof before then, and sell any Model S or X, or raise the rate of big battery installations, they will make that payment too.
Tesla doesn’t only sell cars.
- dragontamer 9y agoYou're quite the optimist. There's a reason Tesla's credit was just degraded to Caa1. https://si.wsj.net/public/resources/images/OG-AX813_TESLA1_FON_20171030180617.png https://si.wsj.net/public/resources/images/OG-AX813_TESLA1_F... Tesla lost $1.6 Billion dollars in 2017. Tesla is going to lose money in 2018 AND it has bills due.
- manicdee 9y agoWith all the money they are borrowing, some lender is eventually going to say “no”. A reduced credit rating just means, “we don’t think they can service more debt.” The credit rating doesn’t mean that there is significant risk to current creditors. Moody’s rating is also based on naive fresh faced belief in aspirational targets as accurate forecasts. We will see if Tesla meets their revised targets. My interest in the company is as a reservation holder, and all I really care about is that they stay afloat. I am not an investor looking for incredible returns on overvalued stock.