Re: Offered to sell the company for 1/10 current market value
Indeed, at that point in Telsa's past it was loosing more and more money each year.
From this article the chart indicates that they were burning through money at a prodigious rate. They were up to $14billion in debt and loosing about a $1billion per quarter!
Even now they are at least returning a profit, but still smaller than the losses they were making two or three years ago.
Biting the hand that feeds IT
