EVDRIVER wrote:EatsShootsandLeafs wrote:
With their cash burn rate leaving them only several months of expenditures before running out of cash, if they cannot get profitable and maintain (and they can't), they will have to raise again, causing yet more stock dilution.
Please show me where you go that info. Please quote the fact not a misquoted FUD statement. The Tesla regurgitated nonsense is laughable.
Last I read was that Tesla had 10 months of cash left at their Q1 burn rate. I think that might have been from Elon himself, but don't quote me. That's just simple math. Hard to think their current burn rate (was it about $700M in Q1??) will continue forward for much longer. Plus, it's not like that burn rate is due to product losses. It's primarily due to capital expenditures.
Make no mistake. Tesla is in a race like we've rarely seen. They barely have enough cash to get their products to market. Once they get to market they have solid sales and margins. They need more product lines to get to self-sustaining profitability and growth. I personally think they will get there, but the bears have plenty of solid reasons to think otherwise.
Noone has a crystal ball, and pretending one does just makes one sound like an idiot.