However, according to a new round of in-depth study by Bloomberg on the financial status of the company, Tesla's window of opportunity may be running out. Unless there is a miraculous turnaround in vehicle production, or if it is more likely than the former, there will be new large sums of money. Infusion, the company will run out of funds before the end of the year.
According to Bloomberg, Tesla consumes an average of $6,500 per minute. For fifteen years, Tesla's capital consumption has never been so bad. Free cash flow is measured after companies remove capital expenditures (such as buying new manufacturing equipment, etc.) The funds obtained. Tesla’s free cash flow has been negative for the last three quarters. From the end of 2016 to the entire 12-month cycle of 2017, Tesla’s negative free cash flow per quarter is at least 500 million U.S. dollars.
Most of the recent expenditure seems to be related to Tesla's efforts to increase vehicle production, but productivity has not been correspondingly improved:
Tesla’s increase in staff speed exceeded the revenue growth over the past three years over the past four years. This includes a nearly doubling of the number of employees in 2017, as the company was expanding the production scale of the Model 3 and absorbing it. SolarCity employees.
From 2014 to 2017, the number of employees in Tesla more than tripled, but employee income has stagnated. GM’s and Ford’s companies each have more than 1.5 times more earnings per employee. However, Tesla The total number of bloated employees has not even counted on the contractor and sub-contractor company Tesla produced in Musk's recent so-called 'Russian matryoshka'.
Given its value, Tesla once insisted that the company will no longer need additional financing this year. 'In a certain period of 2018, we expect to achieve a sustained quarterly positive operating income.' The company said in its latest earnings statement.