Los Angeles Times

A crucial Tesla financial report is coming. Let's go under the tent to see how Elon Musk can boost cash flow

Tesla's mission is clear: "Accelerate the world's transition to sustainable energy." It says so on the company's website.

But to do that, Tesla must prove itself sustainable as an ongoing concern. A lot is riding on the financial results it will report early in November.

Chief Executive Elon Musk has gone out of his way to assure investors that the company has plenty of cash. The company finished June with just $2.24 billion in cash on hand, and had negative $2.4 billion in working capital – current assets minus current liabilities, the money needed to pay bills over the course of a year. Still, Musk told analysts in August he was "highly confident" Tesla will achieve profitability and positive cash flow in the third and fourth quarters.

"We need to become a profitable company," Musk told analysts earlier this year. "It's high time we became profitable. And the truth is, you're not a real company until you are, frankly."

Some investors and analysts worry that Tesla won't

You're reading a preview, sign up to read more.

More from Los Angeles Times

Los Angeles Times3 min readPolitics
Editorial: Trump is truly America's Bigot-in-Chief
President Donald Trump's Twitter feed is a repugnant place, and no one would want the thankless task of having to weed through all his bitter, bigoted ramblings to determine which are the most offensive. But a three-tweet thread early Sunday morning
Los Angeles Times3 min readFood & Wine
The Tastiest Way To Use Up All Your Herbs (and It's Not Pesto)
This time of year, tender herbs grow like weeds in gardens and come cheap in markets. The only downside is needing to use them up before the plants go to seed or before grocery store bunches go slimy. The most obvious options are pesto and tabbouleh,
Los Angeles Times2 min read
Angels Optimistic Mike Trout Is Dealing With A Minor Calf Issue
ANAHEIM, Calif. - One day after tweaking a muscle in his leg, Los Angeles Angels star Mike Trout was out of the lineup for Monday's series opener against the Houston Astros at Angel Stadium. The Angels, however, remain optimistic that Trout's tight r