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Tesla would have gone bankrupt without selling FSD, which is a 100% margin vaporware product.

• epgui 4y ago
  The financial statements would disagree.
  • user_named 4y ago
    No
    • epgui 4y ago
      Yes lol, go read them. Even ignoring any possibility of raising more capital, the amount of revenue recognized from FSD is much smaller than the financial hit that would have been required to bankrupt the company, at every point in time.
      • FireBeyond 4y ago
        "Go read them". In yet another case of "why hasn't someone sued/why hasn't the SEC slapped the shit out of him"... > Tesla CEO Elon Musk revealed that the carmaker was “about a month” from bankruptcy during the run-up in Model 3 production from mid-2017 to mid-2019 Source: 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... You're right, that never really appeared in the annual reports. So either Musk lied to CNBC, or the annual reports played down Tesla's actual position.