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Tesla did experience a recession in the early years of the company when trying to raise money and sell prototype visions. It nearly crushed the company but they
by icelancer 9y ago
Tesla did experience a recession in the early years of the company when trying to raise money and sell prototype visions. It nearly crushed the company but they came out on the other side. Today they're much better capitalized and Elon structured debt specifically to guard against dips in the economy.
Not saying he can't be wiped out with one or two bad decisions + a recession, but this isn't new territory for Tesla.
- Judgmentality 9y ago> and Elon structured debt specifically to guard against dips in the economy Please elaborate. Everything I've heard suggests the opposite.
- Nokinside 9y ago>better capitalized and Elon structured debt specifically This goes against everything I know about Tesla's finances. You really have to provides sources if you want us to believe this.
- adsfasdfsad111 9y agolol, easy. just stop reading zerohedge.
- querulous 9y agomusk took over as CEO in october 2008; the height of the recession. prior to that he was board chairman