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I'm still a skeptic, so you have found at least one. Still think Tesla will go out of business in next couple of years. Their financials will deteriorate going
by richardknop 8y ago
I'm still a skeptic, so you have found at least one. Still think Tesla will go out of business in next couple of years. Their financials will deteriorate going forward in my view and they will run out of cash (even after their last successful quarter they are months away from empty bank account, so any glitch or drop in sales will get them closer to that point, Musk revealed during recent interview they were weeks from insolvency just months ago, which means even though their position is better now their runway couldn't have increased too much which is why I put it at few months).
It will also be probably difficult to raise more capital as the markets are entering a rolling bear market right now (I believe the Uber IPO early next year might be what finally breaks the market's back completely and we will see a big rout, not just correction like we have seen during last couple of months).