Disclosures In Tesla's 10-Q Indicate A Company In Desperate Need Of Fresh Capital

This is management team that refers to financial issues with platitudes, not numbers--like Musk’s admission on the company’s April 24th conference call that a capital raise has “some merit.

” We’ll never get required liquidity amounts out of Tesla's management team in spoken comments, but SEC filings are another matter, and an especially touchy one for a company that is still under investigation by the SEC. The extended drama over Musk’s tweets seems to have ended, but the other investigations, including one by the Department of Justice, would seem to ongoing based on this passage from Tesla’s 10-Q.

I really thought Tesla would be a strong competitor for Uber in the long term with self driving cars and a revenue stream that would have been an interesting pursuit

wow

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Source: MarketWatch - 🏆 3. / 97 Read more »