cwerdna wrote: ↑
Wed Mar 18, 2020 12:09 am
Yeah... I dunno. Too big to fail? Tesla would probably fail if its Fremont plant were shut down for an extended period of time.
Perhaps. If so, will have lots of company... There are a lot of companies with a poor cash balance, weeks or even days. Tesla has cash for months.
Tesla has contracts to buy lots of stuff with volume requirements. Lucky for Tesla, many of the suppliers can't deliver, as Tesla is required to buy. You can't supply, I can't buy, let us work out a new agreement. Also, I suspect some law will be passed that forces delays in all such agreements. As Tesla again has lots of company.
Tesla has a plant in China that should be earning profits. While probably doesn't cover the rest of the companies expense, it should help.
Musk is totally clueless on the impact of coronavirus.
10% of the deaths in Italy are due to coronavirus. Intensive care is full of coronavirus cases, overloaded in some places. Confirmed cases are 0.05% of the population.