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Why does Elon Musk have any credibility regarding the cash position of his company? He's repeatedly made similar statements that didn't turn true too.
by xkjkls 9y ago
Why does Elon Musk have any credibility regarding the cash position of his company? He's repeatedly made similar statements that didn't turn true too.
- mephitix 9y agoI take what he says, especially in tweets, with a grain of salt. That's why I ignored the tweet - but I looked at the earnings, which re-iterated this (as I said in the comment above)
- xkjkls 9y agoThe earnings, though better than expected, still show a company in a precarious position that is going to have to raise more capital if it doesn't reach cash flow positive by Q3 or Q4 of this year. And if it does raise more capital, how do you justify the $50 billion market cap if your earnings are crippled with so much debt financing?