[londev]

Elon Musk and Tesla are still facing:

- A DOJ criminal enquiry into the same 420 tweet

- A whistleblower suit about misrepresentation of its rate of vehicle and battery production

- Another whistleblower suit about covering up a large theft and a narcotics ring

- A class action over racism

- Complaints about union busting

- A defamation suit over pedo accusations

- Investor class actions over the Musk family bailout acquisition of Solar City

And probably lots more that we don’t yet know about.

That so many people in tech are holding this stock and are even proud of the company is shocking to me. Sustainability can only be pushed forward with sustainable finances and the Tesla balance sheet is a horror show.

Tesla will file for bankruptcy protection in 2019.

[mellow-lake-day]

>Tesla will file for bankruptcy protection in 2019.

We've been hearing this bankruptcy thing every year without fail since the company was founded 15 years ago. This doesn't mean the company won't go bankrupt but that they are more resilient than given credit for.

>And probably lots more that we don’t yet know about.

Those court cases you listed are daily life for big companies. Intel has been tied in a court case with the EU since 2001. Google just settled a court case. Google is also facing a bunch of other court cases. Tesla gets the spotlight but look around.

[Tade0]

This doesn't mean the company won't go bankrupt but that they are more resilient than given credit for.

The Bloomberg Model 3 counter registered a sharp dip, so the risk is real, but my take is that it doesn't matter.

There is an unprecedented amount of decent EV models coming up for model year 2019. This goal has been achieved and I believe Tesla's stock always reflected the rate at which we were getting there, not the company's long-term viability.

[HeadsUpHigh]

The Bloomberg model 3 counter was using r/teslamotors as a source of VINs. When the ramp up was happening people were registering VINs all the time but now the sub has lost interest in VINs so the numbers are dropping.

[londev]

It uses VINs registered by Tesla themselves now, weighted with a few other factors according to @tsrandall on Twitter.

[londev]

Musk can no longer pump his own stock. He has been as good as handcuffed by the SEC settlement. I believe he can no longer raise.

The lack of insider sales and no raise over the past year, despite the precarious cash position, tells me something is preventing a new stock offering or not placing.

[colordrops]

Large companies have teams of lawyers for a reason, that being that they are all involved in multiple simultaneous lawsuits. Tesla isn't special.

Doesn't matter if news is good or bad. People like you will flood the comments of all forums with visions of doom. Just a couple days ago everyone was sure the SEC case would sink Elon and look at where we are at now. This isn't a day trading forum. You don't have precognition.

[AtlasBarfed]

https://cleantechnica.com/2018/09/26/perspective-yo/

#5 car in america

[anticensor]

Bankruptcy protection is not a guaranteed right. You are assessed for your request and then given protection.