Where is Tesla Losing MoneyJune 6th, 2019
In the TSLA Q1 Update we know:
Cash Flow and Liquidity
- Our cash position decreased from $3.7 billion to $2.2 billion mainly due to a $920 million repayment of convertible notes, of which $188 million negatively impacted operating cash flow.
- Gigafactory Shanghai will be almost fully funded through local debt. Thus far, we have secured an approximately $522 million (as at March 31, 2019) credit line from local banks.
- Our capital expenditures were $280 million in Q1 including early investments for Gigafactory Shanghai.
jsturgis June 6th, 2019ABOUT THE AUTHOR:
I am TSLA long. I do not fear uncertainties and doubt. Numbers matter.