Tesla & Ford are the only American Auto Companies that haven't filed for Bankruptcy...
Well, gee...since Tesla has only been around since 2003 I should certainly hope so.
Your absolute ignorance is astounding.
The only reason Ford didn't file for bankruptcy is because they got a 9 billion dollar secured loan from the Government.
Tesla is in a lot of trouble. Here's why:
- They can't build the cars they're supposed to be making money on.
- They spend WAY too much money on other pet projects that make no money at all.
- Investor confidence is at a rock bottom now because of Elon Musks' ramblings of a mad man lately. Seriously, the guy has completely lost his mind.
- Elon Musk is presently under investigation by the SEC for fraud via his statements.
All of this is a big, big, big problem. About the only way I see it working out is for them to get rid of Elon Musk and elect a new CEO that will drop all the other bullshit "look at me" projects and start getting the production issues sorted out.
Yes, Tesla does have 400,000 cars on backorder, but again
DO THE MATH.
The average cost of a Tesla is 70,000 dollars of which only about 18% is profit.
That means that at this moment, Tesla has 5 billion dollars worth of car orders that they can't be paid for because they can't produce them.
Pal, they lost that much in just the last year, so even if they could magically POOF those 400,000 cars into existence, they wouldn't be making any money on them at all. At best, it would break them even.