The Telsa-Wreck: Bleeding Cash And Competition, Too

As if things weren’t bad enough for beleaguered Tesla…The company lost $1.1 billion in cash in the last quarter, executives are leaving the company in droves, it’s facing production issues with its Model 3 and, as I recently discussed, Elon Musk insulted analysts on the latest earnings call by dismissing their questions – regarding the company’s survival – as “boring” and “boneheaded,” .....Now, in addition to all that, the company has to compete with BMW leasing its $50,000 i3 electric vehicle for only $54 a month. That’s not a typo. Bloomberg recently confirmed you could lease an i3 for less than your monthly cable bill.

 

https://www.sovereignman.com/trends/it-gets-worse-tesla-now-has-to-compete-with-50000-electric-bmws-going-for-54-month-23427/

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