My 2016 MS 90D (refreshed fascia and AP 1.0) lease is up in about eight weeks and with the recent Model S/X upgrade announcement, I was thinking of upgrading to a 2019 MS Performance (with free Ludicrous mode for current owners/lessees). Instead of leasing my next Tesla, I was planning on buying, given AP 2.0 hardware and recent drivetrain and range upgrades, it would be worth keeping.
However, Tesla's recent $702M loss and a similar or larger loss expected for next quarter has me really concerned about their viability. Taking into consideration $2B cash on hand, means that a capital raise is right around the corner. That leads to dilution of stock, loss of confidence in the company and uncertainty/disarray ahead in the next 18 months.
I run large businesses and am vary familiar with capital markets, so maybe I am overthinking the situation? I don't want to be the owner of a $130k car that's depreciated significantly, then 18 months later wondering if the company is viable for the long term or hoping that APPL buys them out (which in the long term may not be too bad).
I have to decide what to do in the next two weeks. Do I order my new MS or purchase or do I lease a BMW M550i Sport and see where Tesla is in 3 years, in hopes to come back to the brand? Would love your thoughts.
However, Tesla's recent $702M loss and a similar or larger loss expected for next quarter has me really concerned about their viability. Taking into consideration $2B cash on hand, means that a capital raise is right around the corner. That leads to dilution of stock, loss of confidence in the company and uncertainty/disarray ahead in the next 18 months.
I run large businesses and am vary familiar with capital markets, so maybe I am overthinking the situation? I don't want to be the owner of a $130k car that's depreciated significantly, then 18 months later wondering if the company is viable for the long term or hoping that APPL buys them out (which in the long term may not be too bad).
I have to decide what to do in the next two weeks. Do I order my new MS or purchase or do I lease a BMW M550i Sport and see where Tesla is in 3 years, in hopes to come back to the brand? Would love your thoughts.