[vkuruthers]

Musk has painted himself into a corner. He is probably aware that skipping the hard tool test phase was a bad idea, but had no choice, they would've run out of money adding another 6-12 months to the model 3 timeline.

What they're probably seeing now is lots of model 3s coming off the production line with non trivial faults (as to be expected), and stock-piling those because they can't afford to stop the line and fix root causes. Fixing all those stockpiled 3s will take a hell of a lot of time and $$$.

Fair chance Tesla will go into BK in the next 12 months or so if you ask me..

[Robotbeat]

Bankruptcy? Doubt it. They didn't go bankrupt in 2008 when they had not much more than a few prototypes (that overheated), some gliders, and an idea.

Tesla has been here before and worse.

[dx034]

They had $21.9bn liabilities in Q3 2017, compared to $489m in 2011. Couldn't find 2008 numbers but sure that debt was much lower then. Bankruptcy doesn't just mean having low cash levels, it means not being able to serve debt in time. That risk has increased meaningfully with increases in debt. Missing the coupon on one of their bonds by just a few days would put them in technical default and could trigger bankruptcy.