Tesla has received $1+ BILLION a year over the past few years from the stock market, and roughly $3.8 Billion from the debt / bond market so far.
A lot of companies would be able to survive if the market magically came up with $2 Billion / year for that company to spend every year.
You might say that its Musk's advantage that he's cultivated the cult of personality. And you'd be correct about that. But I wouldn't call Tesla's financial situation to be "suffering", not by a long shot.
The correct description is "wasted". Musk WASTED the tons, and tons, and tons of money he received from investors. He's not cash flow positive, even after all of these billions of dollars have come in.
Etc. Etc. The financial markets have been very, very kind to Tesla. Any failures on Tesla is 100% Musk's fault at this point. No other company raises billions of dollars every year under normal situations (where "normal" is defined as, any period outside of the 2011 to 2018 bull-run of the current market)
Tesla has received $1+ BILLION a year over the past few years from the stock market, and roughly $3.8 Billion from the debt / bond market so far.
A lot of companies would be able to survive if the market magically came up with $2 Billion / year for that company to spend every year.
You might say that its Musk's advantage that he's cultivated the cult of personality. And you'd be correct about that. But I wouldn't call Tesla's financial situation to be "suffering", not by a long shot.
The correct description is "wasted". Musk WASTED the tons, and tons, and tons of money he received from investors. He's not cash flow positive, even after all of these billions of dollars have come in.
$0.813 Billion in 2013: https://www.thestreet.com/story/11924981/1/elon-musk-invests...
$2 Billion in 2014: https://www.ft.com/content/2f2387a0-a00a-11e3-9c65-00144feab...
$0.738 Billion in 2015: http://fortune.com/2015/08/20/tesla-stock-sale-cash/
$1.45 Billion in 2016: https://www.cnbc.com/2016/05/20/tesla-raises-146b-in-stock-s...
$262 Million Stocks + $850 Million Bonds in 2017: https://www.investopedia.com/news/what-market-thinks-about-t...
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Etc. Etc. The financial markets have been very, very kind to Tesla. Any failures on Tesla is 100% Musk's fault at this point. No other company raises billions of dollars every year under normal situations (where "normal" is defined as, any period outside of the 2011 to 2018 bull-run of the current market)