Tesla

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• Didn't see the income statement but it looks like they lost about $550 million last quarter.
• The news said cash flows were even worse. They're burning cash at $6,500 per minute.
• They also said that Tesla had a negative gross margin on every Tesla 3 they sold (and they sold the well equipped models that have higher margins).
• Tesla will have to raise more cash. They've already decided to cut back on capital expenditures and delay the nex model car.

 

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