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While people argue about Elon Musk and daily movements of tesla stock, Tesla production targets are far more important aspect to focus on.
Tesla has somewhat of a . Investors and analysts either seen to love the company and its vocal found Elon Musk or hate them.
But whatever your view on the enterprise, there's no doubt that it has dramatically changed the auto industry since its inception. The company has shown the rest of the auto industry and customers that electric cars can be fun, stylish and environmentally friendly without sacrificing quality or range.
However, while the company's is hard to dispute, its viability as a long-term business is another thing altogether.
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Tesla reported that it burnt through a staggering $1.16 billion in cash in the second quarter, by spending on building out its capacity for the Model 3. The Model 3, which starts at $35,000, has reportedly racked up almost half a million reservations and is drawing more deposits by the day.
Tesla reported a cash balance of a little more than $3 billion at the end of the second quarter, a balance that would be quite adequate for most companies. Nonetheless, despite this cash buffer Musk has decided to take advantage of investors' demand for yield by offering $1.5 billion (upsized to $1.8 billion) in notes offering a yield of 5.3%. According to Bloomberg, these notes, due 2025, slipped below par almost immediately.
Tesla production targets and liquidity
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