cwerdna wrote:...Along these lines, https://www.autoblog.com/2018/03/14/tes ... s-model-3/ and others report thatBloomberg reports that Susan Repo, Tesla's corporate treasurer and vice president of finance, has left the company to become chief financial officer at another company. Her departure comes on the heels of the exit of Chief Accounting Officer Eric Branderiz, who left "for personal reasons," Tesla said in a March 7 SEC filing.
Would you want to be the designated indictee... who has to sign the next TSLA financial statement?
Tesla Is Facing a Crucible
...A string of executives have headed for the exits, including a surprising number from the company’s finance team, as Tesla is dogged by questions about whether it can meet its production targets.
... Eric Branderiz, Tesla’s chief accounting officer, departed last week. And Bloomberg reported this week that Susan Repo, the corporate treasurer and vice president of finance, is out.
The press has rightly been focused on trying to figure out how badly Tesla will miss its production targets for the all-important Model 3 electric sedan. After all, actually building cars is pretty important to Tesla’s business...
On Thursday, the Wall Street Journal declared it “Tesla’s Make-Or-Break Moment.” That article rightly points out that Tesla had $3.4 billion of cash at the end of 2017 and that last year it burned $1 billion a quarter. Do the math, and Tesla either needs to generate more revenue or raise more money soon.
The Journal’s story observes that Tesla has a so-called Z-Score (a measure of a company’s financial security) of 1.26. “Any company with a score below 1.8 is considered distressed by many investors. A score of 1.0 or lower suggests bankruptcy is likely within two years,”...
https://www.bloomberg.com/news/articles ... a-crucible