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Tesla: $1.1 Billion Negative Free Cash Flow — Betting the Company’s Survival Again?
When Tesla got the Model 3 to mass production and the company finally reached profitability, Elon Musk said that was the last time the company would have to bet the company’s survival on a difficult product launch.
AI Summary
Tesla has reported a significant financial setback, with a negative free cash flow of $1.1 billion. This development is notable given the company's previous struggles with profitability. The current financial situation at Tesla contrasts with earlier predictions of long-term profitability. In the past, the company's success with the Model 3 was seen as a turning point, with Elon Musk suggesting that Tesla would no longer have to rely on a single product launch to ensure its survival. The implications of this negative free cash flow are unclear, but it does suggest that Tesla's financial situation is more precarious than previously thought.
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