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https://www.cnbc.com/2020/11/03/musk-tesla-was-about-a-month-from-bankruptcy-during-model-3-ramp.html https://www.cnbc.com/2020/11/03/musk-tesla-was-about-a-mon
by cma 5y ago
https://www.cnbc.com/2020/11/03/musk-tesla-was-about-a-month-from-bankruptcy-during-model-3-ramp.html https://www.cnbc.com/2020/11/03/musk-tesla-was-about-a-month...
Tesla almost went bankrupt. They started shutting stores that were tied into commercial leases that hadn't expired and all kinds of stuff. At one point they said they would never need to capital raise again and then did one 3 days later or something. They made wild statements of autonomous taxis by the end of 2020 in a desperate bid to build hype before the capital raise.
They survived and raised a lot of capital from shareholders and now seem in no danger of bankruptcy, but it was either a real threat or the CEO is lying about it to be theatrical.
- johnsimer 5y agoBest time to raise capital is when you don’t need it