Yhn LifeAutos first seen 1 d ago, last 44 min ago, peak #8
Tesla borrows $30 billion as profitability worries grow
Original: Tesla takes on $30B in credit as it approaches unprofitability
Tesla has taken on roughly $30 billion in credit as the company moves closer to unprofitability, according to a report by Electrek. The move suggests the electric car maker is shoring up cash reserves amid weakening results, and the scale of the borrowing is drawing attention given Tesla's long reputation as a self-funded growth company.
Why now: The reported size of the credit facility and Tesla's slide toward losses raise questions about the company's financial health.
Evidence
- Tesla takes on $30B in credit as it approaches unprofitability · ciconia · 153
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