johnsnownw
Elio Addict
Forbes had an interesting article on Tesla today. The author supposedly has sources in the auto industry, including some Tesla suppliers, that claim there is no way Tesla is going to 2,500 Model 3s a week by mid-year.
Apparently Tesla burned $3.5 BILLION in cash last year. That's an almost Uber-level cash burn. Makes you wonder how these companies can keep burning cash at this rate, and still keep going.
https://www.forbes.com/sites/jimcol...hat-musk-is-running-out-of-time/#3511eda2578a
I wouldn't call it interesting...Forbes also has Bertel Schmitt as a contributor, who is one of the founders of Daily Kanban...and a lunatic Tesla troll.
The thing is, Tesla said that they were going to burn a ridiculous amount of cash bringing the Model 3 to market. Now people are writing articles about the cash burn they claimed they would have.
Now, I'm not saying that everything is peachy, but the point of the cash burn was to enable the sale of lots of Model 3. If they can't deliver they'll be in trouble, but anyone claiming they have insider knowledge should be taken with a grain of salt.
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