Beyond the minimal short-term effect of the new announced financing agreement, the fact that Tesla continues to choose every way possible to “spin” its narrative in a dissembling way is another red flag for Tesla investors. The Deutsche Bank financing agreement is just a drop in the bucket of all of the capital that Tesla will need over the next three years but the company just couldn’t resist suggesting otherwise. What’s amazing to me is that there is also not a lot more scrutiny about Tesla’s claims that its May 2016 financing was supposed to be all the capital needed to support “full production” of the Model 3 and to complete any additional investment needed for the Gigafactory.
Read more "Tesla’s New Lease Financing Disclosure: Who Writes This Stuff?"Tesla Sued Because ‘Insane Mode’ Isn’t Insane Enough
According to 126 Tesla customers, the Model S sedan P85D performance version can eat dirt, because its “insane mode” isn’t as insane as the company claims. Bloomberg reports that the customers, who live in Norway, have now filed a lawsuit against Elon Musk’s automotive company. They’re looking for “unspecified reimbursements” because they believe the car’s […]
Read more "Tesla Sued Because ‘Insane Mode’ Isn’t Insane Enough"
