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The company just reported a LOSS of $51 MILLION vs same quarter 2009 LOSS of $24 million. At that rate of doubling their loss each quarter, they are going to burn cash right and left and soon there after file a chapter 11 or 13.
SIRI had much more massive losses than TSLA ... and it is still around.
What does one have to do with the other, NOTHING.I have seen companies with a lessor amount of losses go under as well.I too am a technical trader. It would have to breach both the 30 and 50 day moving averages for a reversal to take place, ie. Close above $27 on volume.
they have enough cash to release the S-class
They have enough cash, Bahalanapar? Based on what? What they said? Oh, that certainly clears it up.What do you expect them to say?