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Could also be that despite being past Model 3 production hell, they are still not profitable ($700M loss in Q1 '19), and they are betting the farm on autonomous
by semi-extrinsic 7y ago
Could also be that despite being past Model 3 production hell, they are still not profitable ($700M loss in Q1 '19), and they are betting the farm on autonomous somehow turning that into a profit? Color me skeptical, but if I was an engineer at Tesla I'd be looking for an exit as well.
- jsight 7y agoOTOH, FCF has turned positive for at least the trailing 12 months, and they are guiding for it to remain positive for the remainder of the year. For sure, there are many struggles that continue for Tesla, but I'm not sure that a new startup building cars from scratch is a way out of that. It looks like jumping out of the pot and into an inferno to me. But the sorts of people doing this seem to be the ones that might enjoy the challenge involved.