There's a LOT of assets / liabilities to juggle. Tesla also has $1.5 Billion of incoming cash (Accounts receivable), which is basically people who are currently in the process of paying Tesla right now.
But in any case: Tesla's liquid liabilities are larger than their liquid assets. Its a bad spot to be in for sure. Its solvable though, but the question is what does Tesla lose by solving it.
Subtract the $3 billion in cash and they'll need to come up with $2.9 billion between now and March of 2022, which is $.2+ billion per quarter.
Edit - Double counted cash. It should be $.4+ billion per quarter.
> Their liabilities are greater than their assets to the tune of $1.7 billion. That plus the $4.2 billion in bonds is $5.9 billion in debt.
You're double-counting. Liabilities include debt. No need to double-count.
> Subtract the $3 billion in cash
You're double-counting, again. Assets include cash. Lets do this once, and correctly, shall we?
* Total current assets: $7,920,491 (thousands)
* Total current liabilities $9,775,324 (thousands)
That's a total shortfall of $1.85 Billion. Again, page 8 of the PDF provides these numbers.
> they'll need to come up with $2.9 billion between now and March of 2022, which is $.2+ billion per quarter.
Elon Musk has raised capital ever year, roughly to the tune of ~$1 Billion/ year. Either by convincing people to take on more debt for the company... OR by selling more shares out.
The only issue is if a recession hits between today and then, which would close capital markets.
In terms of capital raises, this SA article posits why Tesla may not need as much capital going forward.
https://seekingalpha.com/article/4100718-teslas-unusual-sour...