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https://seekingalpha.com/article/4159709-tesla-headed-credit-driven-meltdown https://seekingalpha.com/article/4159709-tesla-headed-credit... This is just one (
by PKop 9y ago
https://seekingalpha.com/article/4159709-tesla-headed-credit-driven-meltdown https://seekingalpha.com/article/4159709-tesla-headed-credit...
This is just one (of many) "short case" articles against TSLA. According to almost every source I've come across, Tesla has continually shifted the goalposts around meeting their production schedules, and is burning through cash at an unsustainable rate.
Recently their credit rating has been downgraded, and they need, and it will be difficult to get, a massive amount of debt to continue operations.
I'm not real clear on what people base their expectations on them succeeding on.. hype?
An excerpt:
"In downgrading, Moody's states:
Tesla's ratings reflect the significant shortfall in the production rate of the company's Model 3 electric vehicle. The company also faces liquidity pressures due to its large negative free cash flow and the pending maturities of convertible bonds ($230 million in November 2018 and $920 million in March 2019). Tesla produced only 2,425 Model 3s during the fourth quarter of 2017; it is currently targeting a weekly production rate of 2,500 by the end of March, and 5,000 per week by the end of June. This compares with the company's year-earlier production expectations of 5,000 per week by the end of 2017 and 10,000 by the end of 2018."
That doesn't sound like "exceeding production targets" to me