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by martinald
2522 days ago
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Why is this being downvoted? The only reason FCF was generated was because they had a lot of inventory undelivered that was produced in Q1 that got delivered in Q2 instead. This isn't a sustainable way to generate cash. There is now $11bn of debt and $4bn of accounts payable on the balance sheet. It's costing not far off $1bn a year to service that debt, plus they are also very reliant on capital markets to roll over this debt every year or so. If there was a significant decline in corporate debt markets and Tesla couldn't roll the debt over, they would be out of cash very quickly (regardless of the losses). |
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