3 ms·
Thats a good move to bring in more investors for some cash.
by GrumpyNl 8y ago
Thats a good move to bring in more investors for some cash.
- rcMgD2BwE72F 8y agoWhy would they need cash now that they're highly cash flow positive? Their revenues are increasing 50+% YoY and they became profitable while ramping up. Competitors are now publishing profit warnings and are quickly losing market shares in segments where EV are being produced in volume. The latest figures should be pretty scary: https://cleantechnica.com/2018/12/08/tesla-model-3-completely-crushing-us-luxury-car-competition-10-cleantechnica-charts/ https://cleantechnica.com/2018/12/08/tesla-model-3-completel... Some ICE manufacturers won't cross the EV chasm. They may even try to sell themselves to Tesla (too late I guess).