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No, they have two large balloon payments due in 2019 from prior debt.
by new_realist 7y ago
No, they have two large balloon payments due in 2019 from prior debt.
- confiscate 7y agoI thought they had 2B in the bank before the raise. Granted, I am sure Elon exaggerates numbers, but shouldn't that be factored in?
- trca 7y agoTesla had ~$2.5B in the bank before the capital raise, and are going to be receiving a multi-hundred million to $1B payment from Fiat Chrysler (https://www.ft.com/content/7a3c8d9a-57bb-11e9-a3db-1fe89bedc16e https://www.ft.com/content/7a3c8d9a-57bb-11e9-a3db-1fe89bedc...) to offset their emissions. They have plenty of money in the bank for the foreseeable future, but they won't if they don't cut their expenses or increase sales. To me, this just looks like a company exiting startup wild-west spending and maturing into a full-fledged company with hard-set processes for company expenses.