Re:Tesla won’t give drivers their own crash data without a c...
by JumpCrisscross on Tuesday June 05, 2018 @12:04PM
(#17238990)
> What's the deal with the recent flood of anti-Tesla news?
At the end of March Tesla had $2.6bn of cash on its balance sheet [1]. Against that they have (a) $1.8bn of current debt (i.e. due within one year), $1.2bn of which is recourse (page 24) and (b) between investments and operations a cash burn of $1.1bn in Q1.
Tesla needs to raise new capital. That is as obvious to investors as it is to bankers. So the latter are getting ready. I've received a call every week for the past months from Morgan Blergh or Goldman Go-away sounding me out for exotic hybrid debt products. After those calls, I dutifully searched for and read a few articles. Publishers saw the views. So we get this.
From a utilitarian perspective, the financial press is informing investors about something they will need to dig into soon. From a stupid perspective, we have the bandwagon.
At the end of March Tesla had $2.6bn of cash on its balance sheet [1]. Against that they have (a) $1.8bn of current debt (i.e. due within one year), $1.2bn of which is recourse (page 24) and (b) between investments and operations a cash burn of $1.1bn in Q1.
Tesla needs to raise new capital. That is as obvious to investors as it is to bankers. So the latter are getting ready. I've received a call every week for the past months from Morgan Blergh or Goldman Go-away sounding me out for exotic hybrid debt products. After those calls, I dutifully searched for and read a few articles. Publishers saw the views. So we get this.
From a utilitarian perspective, the financial press is informing investors about something they will need to dig into soon. From a stupid perspective, we have the bandwagon.
[1] https://www.sec.gov/Archives/edgar/data/1318605/000156459018... page 4