I'm just saying, if I could run a negative cash flow company as long as Elon can, I'd be doing great.
He still needs to get to self-sufficiency in my opinion.
They've been cash flow positive the past couple quarters. Amazon was another company that was negative cash flow pretty frequently. Look at them now. I think the Tesla bashing is irrational now. The auto industry capitulated.
Tesla has thousands of electric cars available in its inventory at the end of the quarter and that might change how the company operates. There are many differences between Tesla and the most established automakers, but one of the most interesting differences is Tesla’s direct-sale model. The...
electrek.co
This is what happens when you don't have a dealer network. All your working capital is tied up in a parking lot while the economy is on lock-down. For a company that's as capital intensive as Tesla is they're gonna blow through their cash reserves unless they move these vehicles somehow. Unlike most other OEMS they can't record revenue until a customer physically takes delivery :/
It started last month with a story on a man named Alec, who bought a used 2017 Tesla Model S from a used-car dealer last December. The dealer, United Traders, bought the car directly from Tesla at an auction on November 15, 2019. At the time of that auction sale, the Model S had Enhanced...
The Tesla brand scored poorly in its first appearance in the J.D. Power Initial Quality Study but the three brands based in Detroit vaulted from the lower tier to become leaders in the annual study.
Elon may have bellowed this but TSLA has been nothing short of a shell game from an accounting perspective lately - yay! he's eligible for the SP500 only because they were able to turn a profit due to the sale of regulatory credits (a record amount for them) and other financial 'engineering'. SO, TSLA is a massive bubble and people are still dogpiling on...