4 ms·
Last I checked, Tesla had over $30 billion in cash. Even in the worst case scenario, Tesla could shrink to be a large-ish and niche manufacturer. Until the cash
by Zigurd 10mo ago
Last I checked, Tesla had over $30 billion in cash. Even in the worst case scenario, Tesla could shrink to be a large-ish and niche manufacturer. Until the cash is depleted and production falls to where factory utilization is low enough that fixed costs start to dominate unit margin, it's a business that can continue.
There's plenty to puzzle over: Why not spend part of the cash pile to make robots or semi's or a new model or... less vaporous? I don't suppose we'll know until the stock price prompts Elon or his board to ask that question.