They laid off "a ton of people" but a small fraction of their workforce, not affecting their burn rate much. Watch out for those financial press headlines, Tesla is one of the most shorted stocks out there.
oh please. they're putting money into R&D and into the ramp up. Your statement makes it sound like they're using the money to wipe their @$$es. No, they're putting the money to work. And if the analysts and shareholders didn't believe that, the stock would tank.