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Originally Posted by RedDevil
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I suspect the people that put down a deposit years ago for a $35,000 Model 3 care that Tesla will only make $46,000 cars.
Good on them for finally showing a profit. Hopefully Musk is saving his pennies because he has some BIG bills coming due: $487 million in 4Q2018 and $920 million in 1Q2019. That is just bond debt.
They also owe their suppliers $3.6 billion in account payables. So it appears that Musk did convince suppliers to take delayed payments so he could show a paper profit for the 3rd quarter.
Tesla's working capital (assets - current liabilities) stands at -$1.86 billion.
So Tesla is underwater but is somehow going to tool up the Model Y, Roadster, Semi and build a $2 billion dollar plant in China. Interesting times ahead.