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by marcinzm 2581 days ago
Someone else in this thread has stated that a) around half of the raised money needs to be used to service debt b) Tesla had $900 million in the bank before raising money. Doing the math based on the letter's $200 million/month loss rate that comes out to 10 months before Tesla is utterly out of money.

Are those statements incorrect?

1 comments

No. The 10 months was based on the $2b+ raised. Tesla reported another $2b+ in cash at end of Q1.

The shorts are everywhere and they are not reliable.

Tesla's cash balances are always higher and the end of the quarter, when they draw on the ABL while also selling a mass of cars that serve as collateral for the same ABL. Look at the interest they earn each quarter to get the average cash balance.
The 10 months is based on the $2b raised and Tesla's cash on hand and is based on unbiased analysts (i.e., not short or long on Tesla).
Wait where are the links to these analysts?

The original post and every article online is citing Elon's email

Sensational headlines declaring Elon says Tesla will die, are headlines that generate clicks and views