Tesla's 1.5B reduction of cash on hand was largely due to the 920M convertible bond payment — but that only happened because TSLA didn't perform to the level necessary for conversion (~$360 IIRC). I wonder what changes in terms this'll warrant for future capital raises.
Then they mention that they missed a lot of revenue due to missing half their shipments overseas, and onto Q2 (But also expecting a loss in Q2).
Sales for their higher-margin vehicles seemed to have cratered, explained by seasonality, lower US tax credits going forward, and inventory/demand mismatch.
Panasonic has halted their planned battery plant expansion, which implies a lot about future demand.
I don't want to be a downer, but I'm having a hard time seeing the way forward for Tesla in a manner that isn't very unfavorable for them.
Then they mention that they missed a lot of revenue due to missing half their shipments overseas, and onto Q2 (But also expecting a loss in Q2).
Sales for their higher-margin vehicles seemed to have cratered, explained by seasonality, lower US tax credits going forward, and inventory/demand mismatch.
Panasonic has halted their planned battery plant expansion, which implies a lot about future demand.
I don't want to be a downer, but I'm having a hard time seeing the way forward for Tesla in a manner that isn't very unfavorable for them.
https://ir.tesla.com/static-files/b2218d34-fbee-4f1f-ac95-05...