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cgod · 2591 days ago · link · · parent · post: Report: Tesla has Spent $480,000 Every Hour for the Last Year
It's important when you look at their revenue and cash on hand. They got a fat wad but they aren't bringing it in near as fast as they are sending it out. What happened to all that battery money they were going to take in? I thought the whole scheme was to sell batteries? At least that's what people kept telling me when I'd bring up the idea that building profitable cars is hard for companies that have done it for decades and Tesla doesn't have a big track record in lower margin consumer widget manufacturing, let alone cars.