04-05-2018, 05:48 PM
(04-05-2018, 05:30 PM)tomh009 Wrote:(04-05-2018, 03:43 PM)jordan2423 Wrote: ? They're bleeding cash?
They lost approximately $2B in 2017, and about $700M in the last three months alone. They'll need to issue more shares or bonds to keep funding operations, they don't have nearly as much cash as, say, Uber (which also has huge losses).
They released production numbers just a few days ago at http://ir.tesla.com/releasedetail.cfm?ReleaseID=1062670 and as a part of the release stated
Quote:Tesla does not require an equity or debt raise this year, apart from standard credit lines.
You're definitely right that they're burning through cash right now getting Model 3 production up and running, but they're finally starting to see significant revenue from Model 3 sales which should improve the situation significantly.