From what I've been reading the "couple hundred million" is payable in 2020.alanbrenton wrote: ↑ How long does a couple hundred million dollars buy Tesla? They are about to turn cash positive from financing activities, correct?
I think as of late their burn rate has been 200 - 400 million (edited) per quarter as of late. They do a fair amount of window dressing with their financials, but the upcoming Q1 financials provide some insight into this.
There's also a rumour that Deutsche Bank, their ABL provider (and recent ABL extender) requires them to have 1.25 Billion of cash (edited) on hand at any given time as a term for the ABL.
Last edited by treva84 on Apr 8th, 2019 3:07 pm, edited 2 times in total.
Buy quality. Keep calm and go long (and note to self STOP SELLING).