Its main point is underwriters need a letter from the auditor. But maybe the auditor refuses to give it. A couple of remarks below.
2/ I suspect Tesla indeed needs money. I suspect it needed to pay down its accounts payables, could not decrease its finished goods inventory much, and could not convert much of its accounts receivables into cash. Just as in previous quarters.
May 19, 2019 • 12 tweets • 2 min read
1/ Here is a thread about what happens when Musk gets a margin call. $TSLA $TSLAQ
2/ First some background: I agree with the main points in this great article on Seeking Alpha: seekingalpha.com/article/425776…
Feb 4, 2019 • 12 tweets • 4 min read
0/ In this thread I will explain how a new, more reliable estimate for battery costs affects gross margins for model 3.
1/ Thanks to the great work of @subach, which was thoroughly verified by @KawasakiKR11 we now know more about $TSLA battery costs. Most likely these costs are $240/kWh. We can use it to compute the cost price of model 3.
1/ Here are my thoughts on the Q4 2018 update from Tesla ($TSLA) ir.tesla.com/static-files/0… In the analysis below I silently assume Tesla will not be able to raise money from new equity.
2/ I checked whether the first digits of $TSLA's Q3 and Q4 2018 numbers conform Benford's Law. P-value is 0.27, low but far from low enough to reject the hypothesis that the first digits satisfy this distribution. So not worries numbers are made up. en.wikipedia.org/wiki/Benford%2…
