Thursday, March 29, 2018

Tesla Has A Problem. Maybe A Big Problem

Either you have a problem, or you don't. Not sure what all this "maybe" stuff is about.

Tesla has thousands of customers lined up ready to buy a Model 3, which has a $35,000 starting price. But it keeps badly missing its production targets, and it is burning through cash as it does so. And it faces deadlines to pay more than $1 billion in bonds due over the the next year - $230 million due in November and $920 million next March.