Tesla’s financial report in the first quarter was released on May 2 local time. The financial report shows Tesla’s net loss of US$785 million in the quarter. According to the 90 days of the first quarter, its daily net loss was US$8.118 million, equivalent to RMB approximately. 55.46 million yuan.
In the financial report of Tesla at that time, its cash and cash equivalents held as of March 31 were US$2.666 billion, and at a rate of US$8.718 million per day in the first quarter, the remaining cash was only able to maintain 305 Days, that is ten months.
Tesla is currently facing pressure to increase the capacity of the Model 3. Although the output of the first three consecutive weeks exceeded 2,000 units in the first quarter, it is still far from the 5,000 units expected to reach the end of the second quarter, so Tesla’s Capital expenditures may continue to increase, and whether the remaining cash can support ten months is still unknown.
Of course, it is not ruled out that after the increase of the production capacity of Model 3, Tesla's cash flow will be improved, the cash held will increase, and the expenditure will be reduced, and its cash reserves will be able to support a longer period of time.
In addition, even if Tesla’s cash flow does not change significantly and continues to suffer losses, Tesla can also increase cash available for disposal through equity and debt financing, except that Tesla has stated that this year in addition to the standard Credit lines, which do not require additional financing through equity and bonds.