Rather the issue here is that Musk has been saying at regular intervals for seven years that no more capital will be required. His forecasting abilities are woeful, he doesn’t seem to have any grasp of accounting fundamentals or any control over CAPEX.
Things go up in price because they are scarce, not because you’re making more and more of them. Floating the idea at a press conference that a second hand car will triple in value because of a software update really is taking your audience for fools. These are not Lamborghinis or Ferraris, the styling is bland and the quality control is rubbish, even though they are increasing the hand built element of the car.
https://www.zerohedge.com/news/2019-05-02/tesla-pivots-loansharking-offers-payday-loans-its-workers
The one thing he does seem acutely aware of is his margin call level, supposed to be around $232.
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