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> Other than the CEO once gave a large presentation two years ago selling it as a $35,000 car? And they raised capital multiple times under that premise? That s
by nickik 8y ago
> Other than the CEO once gave a large presentation two years ago selling it as a $35,000 car? And they raised capital multiple times under that premise? That seems pretty significant.
Independent analysis did agree that there is no technical reason they can not build it. Building the more expensive variant while they get the marginal cost down is just smart business.
> Well, depends on what "raise money" means?
They have wide range of options, including issuing further stocks. The Saudis for example multiple times asked if they would issue more stocks exclusively.
I have heard analysis from multiple different people and pretty much all agree that Tesla is in a good position to raise money.
> I don't understand this at all. The company has never once been cash flow positive. What exactly do you mean by cash inflow and "cash position"? Also, Tesla was barely talked about until 5 years ago. Who are these people who are talking doom and gloom before the company went public in 2010?
> What exactly do you mean by cash inflow and "cash position"?
When you are selling 8000 cars a week you get a lot of cash inflow. Because the production line is up and running the capex is going down at the same time. That makes their current position regarding to cash not very problematic.
> Also, Tesla was barely talked about until 5 years ago.
Yeah I don't know who you talk to but Tesla was talked about a lot 5 years ago, and even more so in 2008.
> Who are these people who are talking doom and gloom before the company went public in 2010?
Well they actually did almost go down in 2008 but there were always people, with the S and the X and the Model 3 who claimed (a) Tesla is spending to much (b) Tesla can't deliver on time and so on.
You can find articles to that extend all the way back to 2010.
> The major problem here is that the company has had a number of instances being incompletely forthright with its metrics. That creates a pattern of distrust with how exactly to value the company. Any sort of financial projection of Tesla hinges completely on Model 3 margins. There's a growing concern of whether the company's quoted margins are accurate.
Where is this 'growing concern'. Independent analysis agree that the Model 3 could be produced at good margins. Maybe not as high as Elon hopes, but a huge amount better then any other company can do with electric cars.
It seems this huge 'OMG they are using humans' has people now speculating that humans are way to expensive and are gone ruin their margins, but their car lines are pretty efficient and they are not using excessive amounts of labor. Overall their plant is still pretty heavily automated.