I heard a detailed report about this over the weekend. Apparently Musk told investors that the company will continue to lose money even after production of the 3 and that they are going to have to raise more money. Financial institutions are starting to get nervous about the company. There are indications that they could be bankrupt in a year or so if they can't raise the money.
On Mon, Feb 27, 2017 at 11:55 AM, Chuck McCown <ch...@wbmfg.com> wrote: > Bleak is good. Drive that sucker back down to $100 please. > > *From:* Bill Prince > *Sent:* Monday, February 27, 2017 10:54 AM > *To:* af@afmug.com > *Subject:* Re: [AFMUG] OT TSLA > > > The news I read this morning did not sound that great. At the moment, the > hot sales are in trucks and SUVs (small and large). Small economy-oriented > cars not so much. So the word is that Tesla will get a bump for the early > sales of the Model 3, but it looks bleak after that. > > > > bp > <part15sbs{at}gmail{dot}com> > > > On 2/27/2017 9:49 AM, Chuck McCown wrote: > > Would someone please make up some bad fake news about Tesla. > http://www.streetinsider.com/images/ckuploads/img/2017/02/27/Capture.JPG > > >