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Tesla had a 250 million dollar operating loss in 2011 and 106 million last quarter. Add 700 million of debt onto that, and... I wonder how long they can keep up
by Shenglong 14y ago
Tesla had a 250 million dollar operating loss in 2011 and 106 million last quarter. Add 700 million of debt onto that, and... I wonder how long they can keep up this kind of expansion.
This however, is really cool.
- ricardobeat 14y agoElon Musk alone has an estimated $2B fortune, so at least five years at that burn rate? :) Facebook's IPO bled much more money out to bankers than all Tesla has spent so far, it's not like they are doing bad. Tesla has the potential to take over a sizeable slice of the (huge) automobile industry.
- veb 14y agoThey also have on thing that I don't think Facebook has, an awesome leader with a great vision. That goes a long way in todays world.
- TeMPOraL 14y agoOTOH, from what I heard SpaceX recently became profitable; given that they are nowhere near the end of their plans to get spaceflight cheaper, maybe he could route some money to Tesla from there.
- nicholassmith 14y agoIt seems like they're taking the Amazon approach, going for super long term.