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Elon Musk discusses the state of affairs at Tesla

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dpeilow

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May 23, 2008
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Elon Musk discusses the state of affairs at Tesla - AutoblogGreen

...Musk sat down to talk at some length about the current state of the business. He did acknowledge that new orders have slowed down recently while some existing orders have been canceled. Musk declined to be specific about numbers but did acknowledge that the overall economic environment has affected some customer's ability to complete their orders.

Musk also discussed the battery supply deal with Daimler and indicated that he would like to see more OEM deals in the future. The bottom line is that even with the added revenue from increased Roadster deliveries and option price increases, Tesla is likely to have a very difficult time going forward unless the economy makes a dramatic turnaround in the next six months.
 
Luckily SpaceX and Solar City are in good shape financially. Otherwise I would be really worried about Elon's pockets not being deep enough.

But as things go, it looks like Tesla Motors only needs to raise another $50 million to get through 2009. That should be feasible.