Apparently an employee of Tesla recently disclosed Tesla Motors has only $9 million in the bank. Pretty bad news. I hope they can still deliver cars, but sounds like they need a lot more just to run the company. Put in to the perspective of how a modern automaker is run (in the billions), I guess it is to be expected that Tesla would burn through a lot of money.
Deathwatch: Tesla Motors has $9 million in the bank, may not deliver cars
Of course this is in no way verified, but I fear people will jump ship with this kind of news. Obviously Tesla Motors has every intention to deliver cars since they, for the most part, are already done with the development, and if they get the loans they need, it shouldn't be a problem. But the situation is apparently a lot more urgent than I expected. They really need to get those cars delivered, fast. And Model S and other non-revenue generating projects definitely can wait if this situation is true.
Hmm, there must be some kind of non-disclosure agreement to prevent this kind to news to get out, because if it spreads, it is quite endangering to the company.
D*mn it, I can already see all the deathwatch, anti-EV, anti-Tesla, skeptics, etc. jumping in joy at this news.
Deathwatch: Tesla Motors has $9 million in the bank, may not deliver cars
Of course this is in no way verified, but I fear people will jump ship with this kind of news. Obviously Tesla Motors has every intention to deliver cars since they, for the most part, are already done with the development, and if they get the loans they need, it shouldn't be a problem. But the situation is apparently a lot more urgent than I expected. They really need to get those cars delivered, fast. And Model S and other non-revenue generating projects definitely can wait if this situation is true.
Hmm, there must be some kind of non-disclosure agreement to prevent this kind to news to get out, because if it spreads, it is quite endangering to the company.
D*mn it, I can already see all the deathwatch, anti-EV, anti-Tesla, skeptics, etc. jumping in joy at this news.
Last edited: