Originally Posted by Jebby
Tesla is also massively in debt, misses virtually every single target, hasn't proven itself able to even build 100,000 vehicles in a year, does not have a worldwide dealer network, relies on still expensive technology in its infancy, has taken on massive liabilities and risks with regards to SolarCity....
The news release shows that they're on track to produce 100K S/X's this year. 25.4K cars built in the last quarter.
The liabilities they brought on with Solar City are mostly bonds tied to the lease of their solar systems
If you want to count that as the bad variety of debt, then Ford has over $120B in debt tied to it's leased vehicles.
I'm also not sure how much of an asset I'd count dealers as. They eat into margin, they have control over the end user experience, and they don't necessarily drink the corporate cool-aid, especially if they sell multiple brands. Most people with Chevy Volts like I have, generally find that the dealers aren't that well prepared to deal with EVs, and don't like selling them as much as gas powered vehicles because they get less recurring cash flow in terms of maintenance.
I keep getting maintenance reminders for random engine related maintenance on my Volt, like oil changes or fuel injection cleaning. Literally the only thing that needs doing on a regular basis is tire rotations, and washer fluid refills. The oil needs changing once every couple years because a bit of moisture can accumulate. So far the car is amazing, but the dealer is annoying. Forums tell me this is pretty common.