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RE: "Elon Knew": New Lawsuit Alleges Musk Knowingly Lied About Model 3 Production
That is if Space X is rolled into Tesla which, at some point, would require more debt.
Musk best be telling the truth on this one...that he will be profitable in one of the quarters in H2...if not, he is going to need to get more money.
Will Wall Street keep giving it to him.
Let's hope so. He's a catalyst for much needed change on this planet.
As i stated before....it depends on the government contracts Re Space X.
(and with this administration who knows...)
Listen,he's an innovator but that doesn't mean he's a good businessman.
Stretching your profit margin to razor thin margins never work in the automotive business. (look it up historically)
Besides the fact we are it seems in the midst of another housing bubble.
(that won't help Solar City,the Home Depot kiosk idea might...but we'll see. I do like the fact he's going out his exclusive world to get sales...about time.
But I've noticed people curbing their costs as of late more...so we'll see it's results in a year or two)
Musk reminds me too damn much of Steve Jobs when he was first ousted at Apple.
Infact that experience itself...made Jobs a much better businessman in the end.
Do i think it will go the same route?
Can't say.... but his combative nature with Wall St (regarding his #s) tells me...getting more money from Wall St wont be easy.
thanks for the comment.