Amazing this was trading over $50 during the past year. However valuation now back to reality and this is still a high growth company with a great niche. Remember this company is still only 6 years old. Well capitalized and ready to show its stuff. I bought today for a double within 6 to 8 moths.
Cuba’s national telecom provider to exchange international long distance voice traffic between the United States and Cuba directly. They will be the first direct provider of long distance service in many decades.
Apparently you can convert the X model easily to a rocket. Should be able to raise $20 billion initially....
Most shocking is Musk sees no need to raise cash except for a "cushion".
Meanwhile $300m neg cash last Q now $400m this Q with only $1.9B in cash and over 2.0B in debt!!