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This is not true. What he says in the memo is "it would take us 10 months to burn through the $2.3 billion we just raised at our Q1 burn rate" They've guided f
by omarforgotpwd 7y ago
This is not true. What he says in the memo is "it would take us 10 months to burn through the $2.3 billion we just raised at our Q1 burn rate"
They've guided for a "significantly smaller" loss in Q2, and positive cash flow in Q3 and Q4.
With $2.4 billion raised, $2.2 billion in the bank, and $2 billion worth of payments coming from Fiat Chrysler cash is not as much of a concern as the headline would suggest.
- dang 7y agoThe headline used to be "Tesla Has 10 Months of Cash to Burn Before Dying Out" before we changed it. That's because the article was originally a different one—see https://news.ycombinator.com/item?id=19950431 https://news.ycombinator.com/item?id=19950431.
- omarforgotpwd 7y agogood work stopping misinformation