Meatyfool wrote:PeterGray wrote:Surprising how many company ceos could say that - though I doubt many could keep a straight face doing it!
It seems increasingly obvious to me that Musk has a real beef with financiers. He just seems to go out of his way to rub them up.
How many other CEOs would love to finance their business by getting customers to make large deposits years in advance of their purchase? Selling useless tat for large amounts of money as another cash line!
The redundancies could simply be face value - Tesla has burned a lot of cash and so needs to reign in before they run out. But just perhaps, maybe they need to start building bridges again with those financiers, and slashing jobs is always their first port of call for belt tightening.
Of course, he could just announce pre-orders for the Model Y but that runs the risk of cannibalising the pre-orders for the Model S - there is a "syndrome" for that - in the early 80s a computer manufacturer trailed their next product and all those who would have bought their current model held back for the next one and bankrupt the company!
Meatyfool..
In 1959, Pittsburgh Plate Glass announced that they had just bought a Pilkington twin plate grinding line. The next day, Pilkington announced the Float Glass Process. PPG changed their decision to buy a float glass licence.
Pilkington did well to keep their process under wraps for so long. Musk's problem could be that he is advancing too quickly and announcing his advances too soon.
TJH