Yhn LifeAutos first seen 1 d ago, last 38 min ago, peak #8
Tesla takes on $30 billion in credit as losses loom
Original: Tesla takes on $30B in credit as it approaches unprofitability
Tesla has taken on $30 billion in credit as the company approaches unprofitability, according to a report by Electrek. The news has drawn significant attention, with readers debating what the large credit facility signals about Tesla's finances and whether the electric car maker is facing a serious downturn in its business.
Why now: A major debt raise by a flagship company seen sliding toward losses raises doubts about its financial health.
Evidence
- Tesla takes on $30B in credit as it approaches unprofitability · ciconia · 156
API: https://socialmediatrends-api.osmike.com/v1/trends/445450