General Retail News

[tomh009]

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

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.

I saw that, too. I don't think it's credible, though: they haven't managed to be profitable on Models S and X (which should be easier) and Model 3 has tighter margins. On top of that they need to spend billions if they are going to expand Model 3 capacity, or build plants for Model Y or the semi.

Anyway, we're a bit off topic. And in this case no one really knows, though. But personally, while Model S is a lovely car, I wouldn't touch Tesla stock with a 3.048m pole!