When Tesla’s finances were at their most perilous, in the winter of 2008 and spring of 2009, the company was dependent on advance reservation payments from customers for cash flow. The company’s cash balance had run down to $9 million, and the company was struggling to raise $40 million in convertible debt. (He announced that that round had closed in November 2008, while in fact, according to Tesla’s SEC filings, it did not close until March 2009.) To raise funds in the meantime, Tesla began taking deposits on the Model S sedan, even though that car was far from production, and continued taking deposits on Roadsters. Musk first told customers that he would personally guarantee the deposits they were placing, “even in the worst case of an Armageddon scenario.” Then he said that their deposits were completely at risk and they could lose all their money. One of those statements had to be false.
Tesla's next product will be the Model I (intermittent wipers) and then the Model H ( headlights).
If you are in California drop by for the unveiling and free drinks but you have to listen to the techno muzak that Tesla plays at these events.
Your so full of it it's not even funny. So, I don't understand... WHAT THE HELL ARE YOU DOING HERE! Like it or not TSLA is successful, will continue to be successful is on the verge of changing the auto industry, PERIOD. nuff said. Your loss, big time. You know what they say, "if you can't fight them join them."
Sentiment: Strong Buy
Hey, J.vasq? You and Rob must be related. You say Tesla is successful? Okay, how about you detailing exactly in what part of business the company is successful? Is it the $1.3 Billion in losses over the past 11 years? Do you have any concept of what you're saying? Doubtful.
You make money? What about the company? Or is all that stuff part of the can you all continually kick down the road? The future, that same song has been sung for OVER 11 years with zero results. Really, when does the "future" become the present? Anyone??