Yhn LifeAutos first seen 2 d ago, last 42 min ago, peak #3
Tesla borrows $30 billion in credit as profitability looms
Original: Tesla takes on $30B in credit as it approaches unprofitability
Tesla has taken on roughly $30 billion in new credit facilities as the electric car maker moves toward unprofitability. The report, published by Electrek, says the company is borrowing ahead of deteriorating earnings, a notable shift for a firm long known for strong margins and cash reserves. The story is drawing wide attention online.
Why now: News that Tesla, once highly profitable, is taking on large debt as earnings weaken is a striking signal about the company's financial health.
Rank over time, top of the chart is #1. 49 snapshots from 2 d ago to 42 min ago.
Evidence
- Tesla takes on $30B in credit as it approaches unprofitability · ciconia · 158
API: https://socialmediatrends-api.osmike.com/v1/trends/445450