That said: come on, people, Tesla isn't filing for bankruptcy. There are hundreds to thousands of perfectly normal financing options available to run a company with revenues like this that will stretch a cash shortfall into a decades-long decline. And that's assuming that their revenue won't continue to grow.
This is a story you cite if you want to "prove" that Tesla won't take over the world or is eventually going to be passed by Toyota or whoever. Large corporations just don't die like this.
I still don't understand the community of people who... really, desperately want Tesla to fail. Is this a politics thing about EVs? A reverse cult of personality around Musk? Hipster group think? It's really unsightly.
It doesn’t really matter whether it is Tesla or Uber.
I think the point was that by the time it gets to you there's hardly anything left though?
MG Rover Group collapsed pretty spectacularly.
He was entrapped, but he certainly said yes to bankrolling a cocaine smuggling operation, there's a recording of that event. While that was enough to escape conviction, it still cost him money and reputation at a time when he couldn’t afford it.
11 U.S.C. § 507(a)(7) provides the priority for Customer Deposits: “The following expenses and claims have priority in the following order: … (7) Seventh, allowed unsecured claims of individuals, to the extent of $2,600 for each such individual, arising from the deposit, before the commencement of the case, of money in connection with the purchase, lease, or rental of property, or the purchase of services, for the personal, family, or household use of such individuals, that were not delivered or provided.