The company has guided down expectations for Q1, and analysts are worried about margins on the newJust over a month after Tesla CEO Elon Musk told investors that the company would be profitable going forward, its finances are once again the subject of Wall Street's most intense scrutiny. Tesla skeptics see blood in the water, while the company's supporters have resigned themselves to yet another nail biter of a year.
It sounds like a lot, but Tesla has some hefty bills to pay and plans to execute. The company needs about, according to analysts. That means having cash come in as soon as possible is paramount. "We believe Tesla management has a reasonably good handle on its cost trajectory, so whether Tesla can indeed achieve its 25% gross margin target before the end of this year may largely depend on the trim mix of Model 3 demand," Rosner said to Business Insider in an email.
Tesla just raised around $520 million from a syndicate of Chinese state banks in order to build a third Gigafactory in Shanghai. The funds can only be used to build the Shanghai factory, and the loan will mature on March 4th of next year. That means Tesla has a short time to turn this factory, and this money, around.
In November Tesla has another big bill to pay too — $566 million worth of convertible debt related to the company's takeover of SolarCity back in 2014. The price at which this debt converts into stock is $759.36 — a price the stock has no hope of touching where it sits now at around $275. So Tesla will have to pay this bill in cash.
On Thursday, Tesla rolled out the Model Y, a crossover SUV built from the Model 3 platform. Tesla said that the two cars share 70% of parts . Teslait's going to build the Model Y, which is scheduled for production in 2020.
lopezlinette Apple should buy them out. Apple is trying to build autonomous cars. By doing this it would allow Elon to focus more of his time on SpaceX. This would be an amazing addition to apple.
lopezlinette
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