sounds like a misleading headline
The original letter says the 2.4 billion raised a few weeks ago, would be used up in 10 months at current burn rate.
It's for the money recently raised, not the entire company's bank account. Headline is misleading
The original letter says the 2.4 billion raised a few weeks ago, would be used up in 10 months at current burn rate.
It's for the money recently raised, not the entire company's bank account. Headline is misleading
Of the $2.4 billion raised, about half must go toward servicing existing debt, and with the money they already had in the bank (about $900m), they have about $2.1b liquid cash to see them through the next 10 months, assuming the same burn rate (losing $200m/month).
Granted, I am sure Elon exaggerates numbers, but shouldn't that be factored in?
Are those statements incorrect?
The shorts are everywhere and they are not reliable.
The original post and every article online is citing Elon's email
Sensational headlines declaring Elon says Tesla will die, are headlines that generate clicks and views