Could Tesla Go Bankrupt? The Odds Are Rising
Could Tesla Go Bankrupt? The Odds Are Rising
With Tesla's "Next-Gen" compact model on the back burner, its aging Models 3 & Y will drag down earnings with increasing needs for price cuts. Cash could run out.
This is some good looking analysis on Tesla's current problems.
I don't know if "Bankruptcy" is a word to be thrown out right now. But it is clear that the Cybertruck is a dud, the Model 2 is allegedly cancelled, and the Model 3 Highland refresh barely moved the needle.
Finally, TSLA sold fewer cars in Q1 2024 while the overall car market grew in sales. It could be an EV-only blip or problem, but in any case, its a clear problem for Tesla.
Overall, the substack article stays focused on GM, Chrysler, and Nissan and how these 2008-era and 1999-era bankruptcies have similarities to Tesla's troubles today. It seems a bit hyperbolic, but it overall seems like a good read.
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I wonder how well their cars work when the Tesla servers go offline