Courtesy of ZeroHedge. View original post here.
After yesterday’s NTSB debacle – which sent TSLA shares tumbling, they are higher this morning following a tweet from Elon Musk ‘promising’ profitability and positive cashflow as soon as Q3, but not before slamming The “boring” Economist…
Following an article in The Economist that claims – correctly – that the road ahead is a problem for Tesla, which faces a cash crunch, Musk took to Twitter… “The Economist used to be boring, but smart with a wicked dry wit. Now it’s just boring (sigh). Tesla will be profitable & cash flow+ in Q3 & Q4, so obv no need to raise money.“
The Economist used to be boring, but smart with a wicked dry wit. Now it’s just boring (sigh). Tesla will be profitable & cash flow+ in Q3 & Q4, so obv no need to raise money.
— Elon Musk (@elonmusk) April 13, 2018
And investors, it appears will believe anything?
If you don’t pay your bills, then cash-flow ‘can’ improve…