171–180 of 248 posts
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Isn’t that double counting the debt service payments?
No, they have two large balloon payments due in 2019 from prior debt.
Granted, I am sure Elon exaggerates numbers, but shouldn't that be factored in?
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To be clear: you asked a question about bankruptcy, that I answered. I also editorialized a little at the clearly implied frame of your question which seemed to assume that TSLA would be in chapter 11 in ten months. And that's insane. If you were merely wrong and not spinning, I sincerely apologize. It's exceedingly hard to tell these days. Because hate.
I don't see any hate in this comment thread. I think you are overly defensive to the point where you are actually the one harming the conversation.
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No. The 10 months was based on the $2b+ raised. Tesla reported another $2b+ in cash at end of Q1. The shorts are everywhere and they are not reliable.
The 10 months is based on the $2b raised and Tesla's cash on hand and is based on unbiased analysts (i.e., not short or long on Tesla).
The original post and every article online is citing Elon's email
Sensational headlines declaring Elon says Tesla will die, are headlines that generate clicks and views
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No. Bankruptcy isn't debt forgiveness. Buyers and the lawyers representing the class action suit would have a seat at the hearing and would be able to get in line for whatever is left. That said: come on, people, Tesla isn't filing for bankruptcy. There are hundreds to thousands of perfectly normal financing options available to run a company with revenues like this that will stretch a cash shortfall into a decades-l…
EVs are fine but I don’t like Tesla as a company. I don’t want OTA updates, I don’t want a car that phones home like Chrome and Windows 10, I want the ability to fix things myself. I want to actually own the things I buy. Basically, I see Tesla as pushing for TOS/licensing like model for car ownership. I want too see companies like that fail.
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No. Bankruptcy isn't debt forgiveness. Buyers and the lawyers representing the class action suit would have a seat at the hearing and would be able to get in line for whatever is left. That said: come on, people, Tesla isn't filing for bankruptcy. There are hundreds to thousands of perfectly normal financing options available to run a company with revenues like this that will stretch a cash shortfall into a decades-l…
I think it’s more that I think there’s something fundamentally wrong about a company existing for 7+ years, spending billions and having yet to turn a profit. It doesn’t really matter whether it is Tesla or Uber.
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This is a good question whether Tesla survives or not. If you buy a car that is heavily dependent on software, even if the brand does not go out of business, who will support it in 10 or 20 years? Most automakers do not support their vintage cars or make new parts for them.
A 20 year old car today is heavily dependent on software, and they still seem to work.
For example, my 1999 VW has a mechanical headlight switch, dead simple mechanical starter engagement, manually-controlled climate controls (there's a direct physical connection between the dials and the flaps), electro-mechanical wiper control relay module, a basic self-contained radio, manual windows, and directly switched interior lights. Heck, the only thing that is computer-controlled is the engine timing, fuel injection, turbo actuator, dashboard dials, ABS, accelerator pedal/cruise control, airbags, and locks. And my car is hardly out of the ordinary.
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A bit later in the thread the poster also states a pretty good explanation: > A lot of FUD from the media said Elon stated they will only have 10 months left before cash balance is zero. No where in this letter stated such a thing and Elon just used an arbitrary number(in this case the newly raised capital) to express the point that 2.4 billion may seem like a lot of money, but we shouldn't take it for granted. In fa…
> their demand is still going strong. This is what's not clear, and a major risk factor for them. I think Musk views 35k as the inflection point where quantity demanded sky rockets and he's not been able to get there. Seems like a lot of decisions were made based on assuming that would happen by 2019.
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> their demand is still going strong. This is what's not clear, and a major risk factor for them. I think Musk views 35k as the inflection point where quantity demanded sky rockets and he's not been able to get there. Seems like a lot of decisions were made based on assuming that would happen by 2019.
The $35k model 3 does exist (well, $35.4k after last week's price bump). But it's a software limited version of the $40k SR+ model and it's not listed on the website and you have to talk to person to order it who will probably try to upsell you as if their job depended on it.
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I question that CW. If that were true, the competitors would be making sporty sedans like Tesla. But almost none are. The competitors—the Bolt, Kona, etc., are all totally different form factors. The alternative, potentially better, theory is that everyone is reacting to the same incentives and market structures. Governments are pushing electric vehicles through subsidies and mandates. Meanwhile, exploding use of por…
> Governments are pushing electric vehicles through subsidies and mandates Specifically, isn't this because of CAFE[1]? Gas mileage compliance is calculated per manufacturer. So BMW can keep selling 17mpg M3s as long as they're selling enough of those i3s[2] [1] - https://en.wikipedia.org/wiki/Corporate_average_fuel_econom [2] - Which sell for $50K but are like $15K used!
Any comment on whether it's a car that would last to 150,000 miles? I see a warranty of "guaranteed at least 70% capacity for 8 years or 100,000 miles".