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Didn't they almost go out of business completely due to a cash shortage, I thought the govt loan was instrumental in keeping that from happening. That seems qui
by grogenaut 11y ago
Didn't they almost go out of business completely due to a cash shortage, I thought the govt loan was instrumental in keeping that from happening. That seems quite different than a "cash buffer".
- enraged_camel 11y agoThey probably would not have taken the risks that put them in that situation if they didn't have that buffer. In other words, the buffer allowed them to be less risk-averse, and accelerated their growth.
- davej 11y agoI don't believe this is true, can you provide a source? Tesla was running out of cash at the end of 2008 and private investors saved them. The government loan was in early 2010. I don't believe that there is any evidence that Tesla was running out of cash after the 2008 private investment.