Tesla is doing everything it can to stop bleeding, but right now Wall Street couldn't care less.
Autopilot's function will be critical for the destiny of the company. In a private call with investors earlier this month CEO Elon Musk said that robotaxis are the future of the company. He said they would turnand that Tesla would have a million of them on the road by spring 2020.
The idea that Tesla's Autopilot technology — or even AutoPilot technology in general — is ready for wide use has been met with. But on the call Musk claimed that getting regulatory approval for the robotaxis would be"relatively easy." Underwriters Citigroup and Morgan Stanley declined to comment on the difference between the private call and the offering documents. Tesla's law firm, Wilson Sonsini Goodrich & Rosati, and its auditor PriceWaterhouse Cooper declined to comment as well. Goldman Sachs and Tesla did not respond to multiple requests for comment on this matter.
"If it was some microcap company created out of a reverse merger you'd say 'probably a fraud,' but that doesn't make sense for a company like Tesla," Gorman explained."You're asking to get sued into oblivion... there must be some logical reason for this. I can't imagine what that is, but it's just silly."that the money the company raised was only enough to get Tesla through 10 months of operations at its first quarter capital burn rate.
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