QuoteThis heady cocktail of rampant cash burn and logic-defying valuation sets up the obvious next step: another equity issuance, and probably a big one.
https://www.bloomberg.com/gadfly/articles/2017-02-23/tesla-earnings-taking-musk-seriously-not-literally
I've always wondered when people say a Tesla has free charging "for life" or free software upgrades "for life" whether that means the life of the car or the life of the company. So the burn rate is huge, but they don't say what the cash reserves are or what they're burning it for. Bezos burned a lot of cash and now he owns the world.
>>BEZOS
Amazon boss was forced to change his tone when the result of the presidential election was confirmed. "Congratulations to Donald Trump," he wrote on Twitter. "I for one give him my most open mind and wish him great success in his service to the country." ;D
Shares in Amazon dropped by almost 10% in the five days after Trump's election, more than other technology companies such as Google and Apple.
https://www.theguardian.com/technology/2016/nov/18/amazon-jeff-bezos-donald-trump-challenge