Thread: Tesla Model 3
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Old 10-24-2018, 08:30 PM   #654 (permalink)
JSH
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Quote:
Originally Posted by RedDevil View Post
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.

Last edited by JSH; 10-25-2018 at 01:00 PM.. Reason: $3.6 million to 3.6 billion
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