4 ms·
It isn't solidly profitable, in fact, its solidly unprofitable. They haven't been profitable yet.
by notananthem 8y ago
It isn't solidly profitable, in fact, its solidly unprofitable. They haven't been profitable yet.
- melling 8y agoThe company has been unprofitable. The video claims the profit margin on the car is 30%. I've heard from a couple of analysts that Tesla needs to produce between 50,000-60,000 Model 3's a quarter to be profitable. Musk has stated that Tesla will be profitable in Q3 and Q4.
- quickben 8y agoAssuming it survives until then (bond's maturing, etc).
- melling 8y agoI think Tesla's only bonds due this year are $230 million in November, then $920 million n March 2019. They still have about $3.5 billion in cash. Also, I believe next March's debt can be converted to equity if the stock price is about $360.
- jsight 8y agoIt would be crazy to think that they won't survive until the end of the year. Although if cash flow in Q3 and Q4 are bad, Q1 of next year could be the end.