Tesla Seeks To Raise More Cash

Elon should just buy all 3.5 million shares.    More importantly this company needs to sell cars at a profit.

$25M did seem like a pittance in the grand scheme of things.   But I wonder if he's relatively cash poor out of his billions in assets.

He'd probably have to sell off stakes in other entities to buy all of the Tesla shares. 

Not being a financial wizard at long term planning of a major company. At the rate of sales to costs to R&D, I wonder what the analytics would say is the year of profitability now? 🤔

2020, 2025, 2030, 2035?????????

I bet Rivian has a better idea than Tesla, but I do wonder how long before someone buys them up.

15 minutes ago, dfelt said:

Not being a financial wizard at long term planning of a major company. At the rate of sales to costs to R&D, I wonder what the analytics would say is the year of profitability now? 🤔

2020, 2025, 2030, 2035?????????

I bet Rivian has a better idea than Tesla, but I do wonder how long before someone buys them up.

I think Tesla made 2 big mistakes.

1. getting way overly complicated on the Model X with the doors -  It would have sold just as well without them, possibly at a lower price (higher volume), and it wouldn't have been delayed a year.

2. Doing the Model 3 before the Model Y - That was just a very poor reading of the direction of the product mix out there as far as sedans go.  Still build a sedan of course, but the Model Y should have been the priority. 

I do wish Rivian well, but I wonder if they'll be priced too high to make a big impact on the market.  If they price their SUV at the same price as the Model X, they'll probably kill Tesla in sales, but I get the impression that they'll be higher priced than that. 

WOW. Poor cash management indeed.

So Tesla needs $2.7 Billion for its cash flow issues.  Elon Musk needs a much better CFO STAT.

As for product, Tesla needs to build more crossovers please.