Quote:
Originally Posted by Giller
That being said - latest reports I've seen show that Tesla only has around $1 billion in cash reserves. That is not a lot for a car company. Very little actually. They can blow through that in no time. So not sure where he is getting the "staggering" amount he wants to spend. There is talk of a stock offering to raise funds, maybe that's part of it.
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Musk would say "we're cash poor but our assets are huge". Or maybe that's Trump.
I know Musk said something along those lines when the economy fell off a cliff.
But these days I don't think Musk will ever have a problem raising cash, certainly not before an SUV and mid priced sedan hits the market with subsidies in tow. We might be rethinking electric cars entirely soon, crude isn't going to stay cheap forever. And I can't believe how expensive well-appointed SUVs are these days. Teslas will be cross-shopped by the upper middle classes here soon and not just the top 1%.