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Dutch Tesla Fleet Goes Bankrupt After Betting on Musk's Self-Driving Promises [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Once a champion of electric mobility, the company built a fleet of more than 4,000 Tesla electric vehicles with one core assumption: Tesla's promise of full self-driving would turn these cars into revenue-generating machines and appreciating assets Investors and bondholders in Mistergreen are now facing heavy losses as the company moves toward bankruptcy, selling off its remaining vehicles to other European leasing firms. The collapse has become one of the most dramatic illustrations yet of how high-flying bets on Tesla's autonomous future collided with hard market realities. Tesla CEO Elon Musk has long made bold claims about autonomy. In 2019, he publicly suggested that buying a Tesla was akin to acquiring an appreciating asset, predicting that the vehicles would one day operate as robotaxis and generate income. “Buying a car today is an investment into the future. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset
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