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by saas_co_de
2994 days ago
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It really reeks of desperation. They are frantically doing anything they can to keep investor confidence but all of their tricks are so worn out and tired now and their debt load and burn rate is so much higher that it isn't going to change anything. They will go bankrupt. 100%. Maybe they can arrange some buy out or merger to try and save face, but doubtful. Given their level of candor I am sure their accounting is an Enron style sh-t-show of epic proportions. That is almost certainly why they had to buy SolarCity. Other than paying off Musk and SpaceX loans they also couldn't afford to have the books opened in bankruptcy court because it would destroy Musk's reputation. It is coming though. |
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