Tag: cash flow
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Elon Musk once again says SpaceX’s Starlink internet service will IPO once its cash flow is more predictable
SpaceX owner and Tesla CEO Elon Musk. REUTERS/Hannibal Hanschke SpaceX’s Starlink internet service will go public once its cash flow is predictable, Elon Musk said Tuesday. SpaceX must endure “a deep chasm of negative cash flow” over the next year to make Starlink financially viable, Musk said. Both Musk and Gwynne Shotwell, SpaceX’s COO, have…
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The Bond Market is Betting Tesla is in Trouble
Things are getting tight at Tesla. Throughout the past couple of weeks, some former prominent Tesla bulls decided to throw in the towel. Share prices dropped and finally begun to rebound. Afterward the Q2 results came in: Revenues were brief and losses higher than anticipated. Sales have shifted largely to the cheaper Model 3, which…