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From a glance at their financials, they have $29 billion in cash, $9.5 billion in debt, and positive cash flow of $4 billion annually. Why would they go belly u
by DennisP 3y ago
From a glance at their financials, they have $29 billion in cash, $9.5 billion in debt, and positive cash flow of $4 billion annually. Why would they go belly up?
- MissTake 3y agoWorldcom ($100bn assets at bankruptcy) have entered the chat, and are requesting someone to hold their beer…
- lotsofpulp 3y agoIs there any evidence that Tesla is committing fraud in its financial statements? If not, what is the purpose of your comment?
- MissTake 3y agoThe point is that claiming that having billions of dollars in assets can be meaningless when there are other circumstances at play. Worldcom was great right up until it turned out it wasn’t. I’m not claiming that there’s any actual fraud going on at Tesla (although it’s been accused of many such things), but there wasn’t any at Worldcom either, until there was.
- Spooky23 3y agoThey are a growth company that has stopped growing. Hence the stock. So the underpaid staff will start bailing as layoffs continue and their stock compensation is worthless. Other than the cyber truck, which is stupid, the entire lineup is aging. The cars all look like the 2024 equivalent of 2004 Camrys. Nice cars, but the competition is much more robust than it had been. Market headwinds with rates is driving costs down. Elon lost his mojo here. He’s busy fucking around on Twitter and took eyes off ball.