How Tesla Could Run Out of Money By the End of 2018
When you think of some of the most exciting brands to really have set themselves ...
When you think of some of the most exciting brands to really have set themselves apart from the pack and emerge in the past 10 years, Tesla is definitely near the top of that group. It’s really tough to become a household name and make products that are known by the entire world along with have the interest of such a wide range of people, however, even with that momentum companies can stumble here and there. Apparently, Tesla is currently going through some growing pains to get to where they want to be in the future.
Coming off of the heels of falling behind on production schedules for the Tesla Model 3 and the devastating accident that ended up being fatal with an autonomously driven Tesla involved, the company is really in some rough water. Regardless of if any of that truly falls under the category of being their responsibility, it happened that shareholders were also not so happy with some of these things, causing the stock prices to take a dip. If we were to take a guess, we would probably venture to say that it’s only a temporary cloud over the brand and we should see Tesla coming around stronger than ever eventually, however, some outlets say that the potential for the ship to turn in a more negative direction could be very real.
As reported by Bloomberg, there is the potential for Tesla to actually run out of capital by the end of the year, calling for the need for a little bit of outside financing to keep the brand above water. The company is said to be spending $6500 every single minute and at that rate, you can imagine that any mound of money, no matter how substantial it might seem, would be eaten up incredibly quickly. In an industry that is still emerging, It’s definitely not cheap to stay competitive and then take it all one step further to be the leader. If the past proves to be any indication of the future, we would be inclined to think that Tesla will figure out the solution to this problem with Elon Musk at the helm but only time will tell what’s in store for the premium electric car maker.