However everybody agrees that they both have many costumers waiting and would be able to raise capital.
Nobody believes that Tesla is in real real serious troupe.
Lots of customers is good, but the more cars they have made the more money they have lost. Negative operating leverage is really bad for any company, but especially one as cash intensive as manufacturing vehicles.
I'm rooting for them, but Tesla is indeed in serious financial trouble. Just ask Elon who fired 3,500 people so he could make the books look nicer.
Take a few minutes and read https://priceonomics.com/porsche-the-hedge-fund-that-also-ma.... The moral of that story was, if you're "fine as long as you can raise capital", then you're actually in a very precarious position. And it was even another luxury car company to boot!
Not that Tesla is making the same speculative financial shenanigans that Porsche was, but the point is, access to capital has a tendency to dry up right when you need it most. If there's a recession in the next 18-24 months (which, glancing at yield curves, is looking increasingly likely) and lending tightens up, Tesla might not find it as easy as you think to raise capital right when they need it to avoid running out of money.
I agree, they are not in financial trouble. Being dependent on a near-term capital raise, however, is financially perilous. Lots of companies were waiting for the fall fundraising season when Lehman went bankrupt.