Bloomberg: Tesla loses about $ 6.5 thousand every minute, bankruptcy is inevitable

Analysts at Bloomberg report   quite deplorable state of the company Tesla: for a long time its   income is not   cover expenses, therefore, up to   the end of this year, the corporation faces bankruptcy.

We count together

By   Bloomberg estimates that every minute Tesla " burns "   $ 6,5 thousand. The edition even installed an online counter that shows how much the company lost, as long as you   read the material.

The last 5 quarters were unprofitable for Tesla, and   The year 2017 ended with   $ 3.4   Billion of cash $ 9.4   billion of debts. If the company continues to " burn " money at such a rate   - to   end of 2018   she does not   remains cash.

Why did it happen

AT   Tesla explains the losses by expenses for   development of the production of the first model for the mass market of Model 3 and   covering the demand for   Model S   and   Model X. Not   It is also excluded that the company also suffers losses because of the large (even huge) number of employees: for   In 2017 the number of teams has more than doubled, and   from   2014   - three times. At the same time, the income for   one employee remained on   former level.

The founder of the company Ilon Mask is not   will receive a salary until the financial   will start to grow. But   he   I am sure that Tesla will become profitable already in   next quarter.

Source: Bloomberg