Re:Elon Musk’s Funding for Tesla Wasn’t So Secure
by confiscate on Wednesday August 15, 2018 @12:01AM
(#17763673)
Fine, all the it's bankrupt "in 2019/2020" vs "by September".
The point is, all the articles raising alarm bells saying Tesla is going bankrupt SOON, it will run out of funds, it will collapse. Because math.
Now, all the articles are focused on SEC rules for a tweet.
In other words: 3 months ago no one was saying Tesla would be bankrupt by August/September.
And here's the thing: if Musk was truly honest about Tesla not seeking financing or offering new stock in 2018, they are on track for bankruptcy by the end of the year based on currently available investor documents re expense, cash flow, assets, etc.. If those documents are wrong, it's incumbent on Tesla to update them, not on the rest of us to assume voodoo financial magic will save the day.