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 â 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
