Tesla Model 3 Is Putting Automaker In Dangerous Territory


Tesla Motors/Handout via ReutersPromotional image for the Tesla Model 3.

Tesla could run out of cash by 2018 unless it receives more funding. This is the reality facing the automaker as it continues to burn through the capital at a breakneck pace ramping up the output of its all-important Model 3.

Over the past 12 months, the electric automaker has been spending at a rate of about $480,000 an hour whilst only putting out just three cars. At this rate, the company is going to run dry by August of next year, unless another fresh infusion of cash comes in.

In contrast, General Motors manufactures dozen of different vehicles worldwide while spending the same amount per quarter. The biggest US automaker has been making money for years with its stock climbing to a post-IPO high point.

From a return-on-investment standpoint, Tesla is a disaster while GM is a success. Tesla just posted the biggest quarterly loss in the company’s 14-year history while GM is on track sell almost 10 million cars and trucks.

Much of Tesla’s woes come from its massive investment in making the Model 3, a $35,000 car that isn’t going to generate a return anytime soon thanks to production issues. According to Kevin Tynan, senior analyst with Bloomberg Intelligence, unless the company can raise at least $2 billion in fresh capital by mid-2018, the company is in very big trouble financially.

But it’s not all doom and gloom because, despite catastrophic losses for the company, Tesla continues to enjoy a $50-billion-ish market cap. Raising capital also poses little problems as investors are more intent on looking at the…

… Read More

Click Read More to read the rest of the story from our content source/partners – The Christian Post.

قالب وردپرس

Like us on Facebook


- We have all sinned and deserve God's judgment. God, the Father, sent His only Son to satisfy that judgment for those who believe in Him. Jesus, the creator and eternal Son of God, who lived a sinless life, loves us so much that He died for our sins, taking the punishment that we deserve, was buried, and rose from the dead according to the Bible. If you truly believe and trust this in your heart, receiving Jesus alone as your Savior, declaring, "Jesus is Lord," you will be saved from judgment and spend eternity with God in heaven.

What is your response?

If you are not a Christian, and would like to become a Christian. Simply say - "LORD Jesus, thank you for forgiving me of my SINs, today I am deciding to follow you. Accept me into your family, in Jesus name I pray. Amen "

If you still have questions , click here to Contact Us, we are here to help

Unless otherwise specified, the news and opinions expressed are solely the source's and author's and do not necessarily reflect the views of The Christian Mail.

Christian News | Videos | The Christian Mail

Click here to Follow us: & TheChristianMail on Ffacebook

Criteo Ads