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It absolutely means that. Tesla is not going to financially recover if Model 3 fails to deliver within a year. Musk is taking huge risks and so far it has paid
by Nokinside 9y ago
It absolutely means that.
Tesla is not going to financially recover if Model 3 fails to deliver within a year. Musk is taking huge risks and so far it has paid out. That's a thing to admire in him.
But the risk taking means that there is no fallback. Model 3 will either make or break Tesla. They have to deliver Model 3 in large volumes or it's game over. They have no time or money to try again or fall back into the small volume luxury car business where they have time to develop the technology.
Clock is ticking.
- qaq 9y ago"Tesla is not going to financially recover if Model 3 fails to deliver within a year" again define deliver if they are at 50% of the planned rate by the end of the year but on a good trajectory to reach 100% within 4 month or whatever else situation might be it's a scale.
- Nokinside 9y agoThey are not in the planned trajectory. They are in a trajectory of constantly revising their plans downward while hemorrhaging several billions per year. Over 1058 per week is not half of the 2500 per week is not the 5000 per week is not 10,000 per week that was the plan. The issue is that their spending grows much faster than their plans for delivery and they will end up diluting their stock.
- qaq 9y agoSure there is a difference between "diluting their stock" an going belly up though.