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But do you see how all of the comments spin this to be bad news? "Tesla needs money, that's why they're opening the floodgates, they're hemorrhaging money!"
by aae42 8y ago
But do you see how all of the comments spin this to be bad news? "Tesla needs money, that's why they're opening the floodgates, they're hemorrhaging money!"
- danso 8y agoAre you arguing that Tesla is not losing money? Just a couple weeks ago they had a 9% workforce reduction to “reduce costs and become profitable”. The company has only had 2 profitable quarters in its history, and had record losses in its most recent quarter.
- HeadsUpHigh 8y agoAccording to Musk's tweets( which is arguably a weak measure) Tesla is more or less right on the verge of being cash flow positive and won't need more money raised. Don't discount the billions in shorts that have a lot of power to bias the public.