Re:Hertz orders 100k Teslas
by panick21_ on Tuesday October 26, 2021 @06:24AM
(#28998558)
Their rating just got upgraded.
Tesla as a company has basically retired all debt, they have 16 billion in cash and no debt. Their position is far better then other car companies.
> I doubt the Fed will be eager to bail TSLA investors out the way they did the banks in 2009 though.
Even if the Tesla stock dropped by 90%, Tesla would be perfectly fine. They do not really on raising money anymore. They create large amounts of free cashflow and enough profit to finance considerable future investment.
Tesla as a company has basically retired all debt, they have 16 billion in cash and no debt. Their position is far better then other car companies.
> I doubt the Fed will be eager to bail TSLA investors out the way they did the banks in 2009 though.
Even if the Tesla stock dropped by 90%, Tesla would be perfectly fine. They do not really on raising money anymore. They create large amounts of free cashflow and enough profit to finance considerable future investment.