> The company has lost over $850 million since being founded in 2003.
Lost? Literally? Since it's been lost I'd love to be the guy that finds those money bags laying around somewhere. But seriously, I'd suggest rather it's been spent, and probably spent mostly on R&D, which is precisely what any reasonable observer would expect an innovative new electric car company to be doing. Musk said even today I believe that within a month they appear to be headed to cash-flow positive. That's a huge good milestone for a new company to achieve, even more so in a bleeding edge one as theirs. And they've already built, sold and shipped 2 models of new product already, in customer hands. That significantly de-risks them. Completely de-risks? Of course not. But if you look at accomplishments to date, their momentum, and the degree of talent on board, I think the smart bet to make on them is up/long.
Lost? Literally? Since it's been lost I'd love to be the guy that finds those money bags laying around somewhere. But seriously, I'd suggest rather it's been spent, and probably spent mostly on R&D, which is precisely what any reasonable observer would expect an innovative new electric car company to be doing. Musk said even today I believe that within a month they appear to be headed to cash-flow positive. That's a huge good milestone for a new company to achieve, even more so in a bleeding edge one as theirs. And they've already built, sold and shipped 2 models of new product already, in customer hands. That significantly de-risks them. Completely de-risks? Of course not. But if you look at accomplishments to date, their momentum, and the degree of talent on board, I think the smart bet to make on them is up/long.