> A lot of FUD from the media said Elon stated they will only have 10 months left before cash balance is zero. No where in this letter stated such a thing and E

> A lot of FUD from the media said Elon stated they will only have 10 months left before cash balance is zero. No where in this letter stated such a thing and Elon just used an arbitrary number(in this case the newly raised capital) to express the point that 2.4 billion may seem like a lot of money, but we shouldn't take it for granted. In fact their cash balance is most likely over 4 billion. 10 months is a weird number and frequency for someone to pull out of a hat arbitrarily, especially the CEO of a public company. Something that lined up with a quarter or a year, ok, but 10 months? Why not 3 quarters, or less than a year? You get to 10 months when you have a monthly burn rate in mind and you divide that by your available cash and it says 10.