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> They have ~$2.8b in the bank, so that's about a year if things continue like they have been, less if they hit a snag. More if they succeed in ramping up the
by fmihaila 8y ago
> They have ~$2.8b in the bank, so that's about a year if things continue like they have been, less if they hit a snag.
More if they succeed in ramping up the Model 3 production.
- jonknee 8y agoYes, and people who are going bankrupt will also have their problems alleviated if they suddenly get a better job. That has nothing to do with whether or not there is a cashflow problem in the first place. I'm rooting for them, but Tesla is certainly in financial trouble.
- fmihaila 8y ago> Yes, and people who are going bankrupt will also have their problems alleviated if they suddenly get a better job. If people going bankrupt have marketable skills and are doing everything in their power to find a job in a hot market, I would be brave enough to lend them some money for the transition. My point is that Tesla's success in ramping up production is not as improbable as you make it sound. They are focussing all their resources on this goal, and at least to my mind, they are likely to succeed.