The results of the week: the possible bankruptcy of Tesla, the first photos of the Xiaomi Mi Band 3 and the announcement of the flagship LG ThinQ G7


Опубликованно 10.07.2018 10:45

The results of the week: the possible bankruptcy of Tesla, the first photos of the Xiaomi Mi Band 3 and the announcement of the flagship LG ThinQ G7

Analysts tell Bloomberg about the sorry state of Tesla: for many years, its revenues do not cover costs, so until the end of the year, the Corporation faces bankruptcy. Every minute Tesla "burns" for $6.5 million. The last 5 quarters were unprofitable for Tesla, and 2017, the year ended with a $3.4 billion cash of $9.4 billion of debt. If the company will continue to "burn" money pace by the end of 2018, she will have no cash. Tesla attributed the loss to development expenditure production of the first model for the mass market Model 3 and the coating of the demand for Model S and Model X. it is Not excluded that the company also suffers losses due to the large (even huge) number of employees. Elon Musk will not receive a salary, while financial statements will begin to grow. But he is confident that Tesla will be profitable in the next quarter.



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