Monday, January 07, 2019

Tesla’s Life After Hell: 7 Charts Show Musk on Firmer Footing | Bloomberg

Check the full article for a Tesla reality check
"To start 2019, Tesla is turning out more than 4,700 Model 3s each week. The electric-car maker has emerged from its year of existential uncertainty as one of the most valuable car companies in the world, with a stock value greater than Ford Motor Co., General Motors Co., BMW AG and, depending on the day of the week, Daimler AG. This may end up helping the company reduce its debt obligations and limit future borrowing costs. The hot mess that was last year has, somewhat surprisingly, forged Tesla into a company on more solid footing for the year ahead.

As more cars roll out, money is flowing in. The Model 3 is now  generating more revenue than any other sedan in the U.S., and Tesla’s cash flows have flipped from burning about $1.7 billion in the first half of 2018 to generating $774 million in the third quarter. (Results for the fourth quarter and full year are expected in February.)"
Tesla’s Life After Hell: 7 Charts Show Musk on Firmer Footing | Bloomberg

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