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Comment by flunhat | Hacker News Reader

How long does Tesla have before it runs out of cash? I know they just had a bond sale or something, but I'm fuzzy on the details.

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They have well over $3B cash on hand and no problems with the bond/credit markets.

Do you think they'll still be burning all this capital to build the 5k/wk ramp up a year from now?

> ...no problems with the bond/credit markets.

That's simply not true. Their last bond issuance was well into junk bond territory, its unlikely they could issue another round without entering into insolvency.

Tesla's only option, should they need cash, is to issue more equity, which has its own set of problems.

I'm sure they could raise more money but interest would probably be too high for it to make sense. They're already at a B- rating, a downgrade at any of the rating agencies would put them on the lowest (non-defaulted) rating. New debt would then probably carry 8-10% interest. Probably cheaper to raise equity by selling part of the company to another manufacturer.

At their current reported burn rates, they will go through $3B in 8 months.

I'm going to go out on a limb and suggest that the crypto boom is going to produce a handsome windfall for tesla.

Please explain

Maybe bitcoin millionaires will be buying Teslas?

Bingo, we have a winner!

PS: Tough crowd

the meme is usually lambos (something like this: https://totallycrypto.com/wp-content/uploads/2017/11/DSC3452...)

Actions speak louder than words though.

I don't personally know of any crypto-millionaire... do you?

Yes, I know 3.

How do you figure that? Elon invested in BTC and ETH? :)

Elon, Aka Satoshi ;-)

Different Tesla.

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