This is interesting because it feels like really only Elon Musk expressing confidence they were on the rails. Hotz saying this is interesting.
Personally, Tesla seems a loooong way from reaching it. The current software makes a lot of bad decisions, even on the Interstate which should be a relatively "easy" environment.
But at least I can play chess and astroids while I'm charging. :-)
For Tesla to achieve that they would need to be still around in a year. Right now the numbers do not look very good but of course that can change again.
They were actually in a great position until they bailed out Elon’s other company Solar City. Its one of the most blatantly unethical deals I’ve ever seen and the company has been in a perilous position since then.
Their losses of about $1bn/yr are fairly small compared to their market cap of about $43bn at the moment implying they could finance things for quite a while. Though as you say things can change.
Look at cash flow and you'll see a story different from the casual media reports.
Over $600mm in positive operating cash flow net of cap-ex in the last quarter. Over $1.3bn in positive operating cash flow net of cap-ex over the last four quarters.
Currently they have $4.9 billion in cash and another 1.1 billion in short term receivables. And accounts payable balance has actually been paid down over the last four quarters.
I don't own any but a lot of the financial journalism on tsla seems a little lazy.
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[ 3.0 ms ] story [ 34.7 ms ] thread- He does not think that Tesla is going to do it in immediate future as they claim. Willing to bet real money against that.
- Level 5 autonomous cars don't have first mover advantage.
Personally, Tesla seems a loooong way from reaching it. The current software makes a lot of bad decisions, even on the Interstate which should be a relatively "easy" environment.
But at least I can play chess and astroids while I'm charging. :-)
Over $600mm in positive operating cash flow net of cap-ex in the last quarter. Over $1.3bn in positive operating cash flow net of cap-ex over the last four quarters.
Currently they have $4.9 billion in cash and another 1.1 billion in short term receivables. And accounts payable balance has actually been paid down over the last four quarters.
I don't own any but a lot of the financial journalism on tsla seems a little lazy.