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Tesla takes on $30 billion in credit amid profitability worries
Original: Tesla takes on $30B in credit as it approaches unprofitability
Tesla has raised $30 billion in credit as the electric carmaker approaches unprofitability, according to Electrek. The move raises questions about the company's cash position and its ability to fund operations and expansion while margins come under pressure.
Why now: News that a major automaker widely valued for its profitability is borrowing heavily and nearing losses is drawing attention.
Evidence
- Tesla takes on $30B in credit as it approaches unprofitability · ciconia · 149
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