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by mellow-lake-day 2822 days ago
>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.

2 comments

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.

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