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Here’s Why Tesla Will Go Bankrupt in 2019
- ecpottinger 8y agoAnd they have been saying this for the last ten years, "Tesla will be bankrupt by next year". Can we have something new said instead.
- Latteland 8y agoThe article mentioned tesla will need 3 billion this year just to keep going (from the economist). It wasn't some impossible dream. They stopped spending so much money on infrastructure to build the model 3. They built and sold a lot of model 3's which had a more than 20% profit margin in q2- as they build more they will get to be even more efficient. That's how they made a profit in q3 and will do so in q4. They aren't even selling them in the rest of the world yet, when they do, they'll have an even larger market. They increased their cash position by 700 million, paid off 82 million of debt (but they do have a lot more). They also announced plans to pay off 230 million next quarter, and keep cash balance the same or better.