Yhn LifeAutos first seen 15 h ago, last 10 min ago, peak #9
Tesla borrows $30 billion as profitability concerns grow
Original: Tesla takes on $30B in credit as it approaches unprofitability
Tesla has taken on roughly $30 billion in new credit at a time when the company is edging toward unprofitability, according to an Electrek report. The move suggests the electric car maker is raising a financial cushion amid weakening earnings, and it is drawing attention from investors and industry watchers worried about the company's financial trajectory.
Why now: People are alarmed that a company long seen as highly profitable is now borrowing heavily as its earnings deteriorate.
Rank over time, top of the chart is #1. 19 snapshots from 15 h ago to 10 min ago.
Evidence
- Tesla takes on $30B in credit as it approaches unprofitability · ciconia · 143
API: https://socialmediatrends-api.osmike.com/v1/trends/445450