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Started By
Message
Tesla Burned Through $700 Million In A Quarter
Posted on 8/1/18 at 2:54 pm
Posted on 8/1/18 at 2:54 pm
WSJ
Word on the Street is they are out of cash and will need to raise some capital. The chances for success in doing so will partly depend on earnings report. Musk’s combative nature is not helping matters when it comes to seeking investment.
Is Tesla still an opportunity worth investing?
Word on the Street is they are out of cash and will need to raise some capital. The chances for success in doing so will partly depend on earnings report. Musk’s combative nature is not helping matters when it comes to seeking investment.
Is Tesla still an opportunity worth investing?
This post was edited on 8/1/18 at 3:04 pm
15
Posted on 8/1/18 at 2:55 pm to LuckyTiger
quote:
$700 Billion In A Quarter
wut?
Posted on 8/1/18 at 2:59 pm to LuckyTiger
700B with a B?
That has to be an error
That has to be an error
Posted on 8/1/18 at 3:00 pm to LuckyTiger
Zero chance that number is accurate
Posted on 8/1/18 at 3:00 pm to BlackHelicopterPilot
quote:
wut?
I'm wondering the same, according to their financials, Tesla had $3.4B in cash on hand at the end of the 4th quarter of 2017.
LINK
Posted on 8/1/18 at 3:00 pm to LuckyTiger
Unless he's shipping that cash to Mars that can't be right. Can iT?
This post was edited on 8/1/18 at 3:01 pm
Posted on 8/1/18 at 3:01 pm to LuckyTiger
No possible way they spent $700B in 3 months.
Posted on 8/1/18 at 3:02 pm to LuckyTiger
quote:Nah, only the federal government can do that....
esla Burned Through $700 Billion In A Quarter
Posted on 8/1/18 at 3:02 pm to Erin Go Bragh
*Million*
Editing now...
Editing now...
This post was edited on 8/1/18 at 3:04 pm
Posted on 8/1/18 at 3:10 pm to HeyHeyHogsAllTheWay
The WSJ guy sounded grim.
Here is a CNN article that has concerns but is a bit more rosy...
Gotta get the price of cars down, produce them at high rates, and cut labor costs through effective automation.
Here is a CNN article that has concerns but is a bit more rosy...
quote:
Investors expected Tesla to eat through significant cash as the company doubled down on solving a string of manufacturing issues that have plagued the Model 3. That's Tesla's first mass market car with a starting sticker price of $35,000, and its success is considered key to the company's business model.
quote:
Tesla may be getting its production woes under control, but it's still far from profitable. And if more manufacturing hangups are in store for Tesla, the company could be headed for a cash crunch.
quote:
The company is facing $1 billion worth of bond payments that will come due over the next year, including $230 million due in November and $920 million next March.
quote:
CEO Elon Musk made a renewed commitment earlier this year to getting production back on track. He said recently that he occasionally sleeps on the factory floor.
Gotta get the price of cars down, produce them at high rates, and cut labor costs through effective automation.
Posted on 8/1/18 at 3:12 pm to LuckyTiger
quote:
Gotta get the price of cars down, produce them at high rates, and cut labor costs through effective automation.
I think they made some critical errors in judgment with the model 3
The whole point of the car was to get an affordable EV on the market. They still haven't built any of the base 35K models.
Those are the first ones that should have been off the line IMO
Almost 1/4 of reservations for the model 3 have been canceled and refunded.
Posted on 8/1/18 at 3:14 pm to LuckyTiger
quote:Tesla's dirty little secret is that Tesla has yet to sell a single one of those cars.
That's Tesla's first mass market car with a starting sticker price of $35,000, and its success is considered key to the company's business model.
All of the Model 3 cars that have been built and sold so far are the upscale $50,000+ versions which have a much higher profit margin.
The $35,000 versions at this point would not recover their variable costs much less their fixed costs for production.
Posted on 8/1/18 at 3:16 pm to LuckyTiger
You mean they spent it in an eco-friendly fashion don’t you?
Burned?
Really?
Burned?
Really?
Posted on 8/1/18 at 3:16 pm to LuckyTiger
Typical republican running a business into the ground. 
Seriously, I think tesla will be fine but I would not invest cash in it at this point. Its far to volatile for my tastes.
Seriously, I think tesla will be fine but I would not invest cash in it at this point. Its far to volatile for my tastes.
Posted on 8/1/18 at 3:16 pm to LuckyTiger
They burn $500,000k per hour. That was released in their earnings report prior to this one.
Posted on 8/1/18 at 3:16 pm to LSURussian
quote:
Tesla's dirty little secret is that Tesla has yet to sell a single one of those cars.
All of the Model 3 cars that have been built and sold so far are the upscale $50,000+ versions which have a much higher profit margin.
Yeah, I sort of touched on that in my post above yours
I had a reservation and planned on buying the base model but I got a refund when it was starting to look like a bait and switch.
Posted on 8/1/18 at 3:18 pm to LuckyTiger
I wonder how much Musk spent on that useless submarine to rescue the soccer team from the cave. He ought to focus on his core business instead of flitting from one hare-brained idea to another. The company needs a businessman at the helm, not a gadfly.
This post was edited on 8/1/18 at 3:21 pm
Posted on 8/1/18 at 3:25 pm to Powerman
quote:
They still haven't built any of the base 35K models.
For the difference in this and what a Honda Civic costs, you can buy a lot of gas.
Posted on 8/1/18 at 3:25 pm to LuckyTiger
They just released Q2 results. Missed on profitability and exceeded on revenue.
Musk still saying the company will have positive free cash flow in Q3 and Q4. Has $2.2 billion in cash and cash equivalents on hand. Cut capex for this year by $900 million over last year.
ETA: Tesla stock up $11/share in after hours trading.
Musk still saying the company will have positive free cash flow in Q3 and Q4. Has $2.2 billion in cash and cash equivalents on hand. Cut capex for this year by $900 million over last year.
ETA: Tesla stock up $11/share in after hours trading.
This post was edited on 8/1/18 at 3:26 pm
Posted on 8/1/18 at 3:33 pm to LSURussian
quote:
Tesla stock up $11/share in after hours trading.
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