One of the thing bears attack Tesla on is their profitability without the credits. However, now we find out they are going to be selling them to VW in China. This after having two others companies paying them in Europe.
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
Well Tesla is definitely burning money and the other side needs credits. I don't see a bad thing with doing so but it is definitely true I would like them to be a little more sustainable without selling credits. I personally see zero issues since if Tesla wants to raise money, plenty of people will flock in.
Posted Using LeoFinance Beta
Well they are funding a ton of growth.
I read they are building a mini line for the semi in Nevada to produce a handful of those each week to get them going. It will also be a test bed for the bigger production in Austin once they are ready for that.
I am sure setting up that mini-line costs a pretty penny.
Things like that tend to suck up their reosurces.
Fortunately they make like 60% or 705 on their Bitcoin this quarter. That will help the balance sheet for a while.
Posted Using LeoFinance Beta