Tesla's Debt More Than Doubled in 2 Years and the Company Will Operate in the Red (at a Loss) Quite Soon
Months ago: If Tesla Shares (and Alleged Value) Fell 55% (From $489 to $222) in a Few Months Maybe It's Not Worth Anything At All (It's Just Gambling) (see latest debt figure)
Also this month:
- Tesla Must Pay $243 Million Over Fatal Autopilot Crash (older: Tesla engineer says company faked "full autopilot" video: Report)
- Exclusive: Tesla's brand loyalty collapsed after Musk backed Trump, data shows
- “I might be ousted”: Elon Musk’s shocking warning about Tesla’s future
"Tesla just reported its worst quarterly sales in years," says this slopfarm. Did it profit? The company's perceived "value" sank months ago [1, 2] and "net income dropped 16%", three months after it had fallen 71%.
If your first-quarter net income is $409 million and you borrow billions from banks, plus interest to pay on those loans, then you're not far from returning to losses - i.e. the same situation Tesla was in for about a decade. █

