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Spending tons more than you make and not having savings is traditionally called financial trouble. Even after a recent huge rally their most recently issued bonds are yielding 7% which means lots of real people think they are a risk.

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.




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