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Stock impact report

Tesla Faces Coronavirus Cash Crunch [Seeking Alpha]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Seeking Alpha
SummaryWith its Fremont factory closed in response to the coronavirus, Tesla faces significant monthly costs; furloughing factory workers and cutting pay can only slow the company's severe cash burn.Even better-funded and sustainably profitable automakers have come under scrutiny as economic conditions continue to deteriorate; some analysts question whether some will survive on their own.Tesla's finances were delicate before the outbreak; it has never posted an annual profit, has $11 billion in long-term liabilities, and is committed to billions of dollars in growth capex.The coronavirus disruption could have a long-lasting impact on Tesla; the company will struggle to meet its many financial obligations, and may even find it difficult to maintain operations with its depleted cash reserves.Automakers around the world have faced severe disruption to their operations, thanks to the novel coronavirus ("Covid-19") pandemic. With their factories sitting idle, automakers have turned to rais Show less Read more
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