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Originally Posted by local600
What does this mean for the future of the tesla and what does it say about the management?
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Many companies, big and small, are in the process of getting absolutely creamed right now because of difficulties accessing capital. Tesla is reportedly having a tough time raising dough, although a couple of other "green car" start-ups have been able to raise cash in the past couple of months.
Though, the Tesla guys have been living a bit large for a long-time, and they are a young company.
Tesla says it has become focused on increasing production and becoming profitable within the next nine months. I guess they figured that it is time to build a profitable business now that the venture capital fountain has petered out and easy and cheap money has fled the scene.