Re:Tesla Unveils New Finance Product
by SilasX on Wednesday April 03, 2013 @03:03PM
(#5488296)
Good points, but:
>Tesla doesn't have a cool $1B in cash laying around to make 15,000 car loans.
Tesla doesn't need the cash in reserve to make loans to buy Tesla cars; such a "loan" in that case would simply mean "not requiring (immediate) payment". It certainly means forgoing some liquidity, but that's not the same as them having to come up with the purchase price for all their cars; they're paying themselves anyway.
>Tesla doesn't have a cool $1B in cash laying around to make 15,000 car loans.
Tesla doesn't need the cash in reserve to make loans to buy Tesla cars; such a "loan" in that case would simply mean "not requiring (immediate) payment". It certainly means forgoing some liquidity, but that's not the same as them having to come up with the purchase price for all their cars; they're paying themselves anyway.